Bitcoin continues to range after finding support at a cluster of levels in the $45K to 
46K range. It is clearly seeking to establish value after the dump from the $50K handle. This is a rather narrow range for Bitcoin, so we may anticipate a breakout soon. The Kovach OBV is trending up slightly, which could signal a bull divergence and thus perhaps a bull breakout is to follow. Watch $48.2K for the next target if we do see a bull breakout. We appear to have good support from lower levels but if these don't hold, we will see support at $43.8K
46K range. It is clearly seeking to establish value after the dump from the $50K handle. This is a rather narrow range for Bitcoin, so we may anticipate a breakout soon. The Kovach OBV is trending up slightly, which could signal a bull divergence and thus perhaps a bull breakout is to follow. Watch $48.2K for the next target if we do see a bull breakout. We appear to have good support from lower levels but if these don't hold, we will see support at $43.8K
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.