Bitcoin Ranges After Litecoin Fake News
Bitcoin faced a bit of volatility after the Litecoin-Walmart deal turned out to be fake news. We actually saw lower prices after that set in, and tested 43.8K, a level we have been eyeing in these reports for some time. We are maintaining the range between this and 46.2K. There is a cluster of levels in between, but otherwise, the two mentioned are good levels at which to consider a mean reversion trade. The Kovach OBV is pretty flat but trending down, so this could suggest a bear divergence.
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.