Bitcoin got smacked back down to support at $37.7K, which held and we are currently seeing a brief bounce off this level to test $40K. We are seeing a red triangle on the KRI forming at $39.2K, the last level in the $30K's. The Kovach OBV is very flat, and the Chande is at highs, suggesting a retracement from this level back to $37.7K is highly likely unless we catch a strong bid, which perhaps might follow a rally in stocks if we see one today (which is also somewhat unlikely). Even in this case, we anticipate resistance at $40K, with 
42K a ceiling for now.
42K a ceiling for now.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.