1W, 3D BTC analysis
Updated
1W
3D
BB
1D
Overall, lots of divergences and numbers pointing to the ~9000 price, therefore I'm slightly more bearish than bullish.
- divergence on MFI, RSI, StochRSI
- nice double top formed, which should end up between 9100-9365 in order to be complete
- BB - looking for the touch with the SMA20, between 9100-9300 as well
3D
- divergence on MFI and RSI
- RSI
- looking for a bounce from the 50 line
- the last time we went <50 was basically the start of the bear market
BB
- seems to be rejected by the SMA20
- scenario for the side-to-side play ends roughly on ~9200
- starting to narrow down
1D
- price seems to have dipped bellow the top-channel-line, which acted as a support
- the current triangle still seems to hold
Overall, lots of divergences and numbers pointing to the ~9000 price, therefore I'm slightly more bearish than bullish.
Note
Might be worth adding the S/R lines to the big picture as well: - green - 1D
- orange - 3D
- red - 1W
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.