Looking at BTC on the daily chart
* Willy stupidly overbought and has a M failure
*Still no structure in the histogram to confirm bullish or bearish divergence
*OBV M top but still hasn't crossed bearish
*Bearish divergence in volume
*Price wicked down to the .382 where on the CME chart shows a big price gap that needs filling
*Can the 50ma catch up to price to act as more support?
*We have a double distribution in VPVR with 2 big notches that need filling
*I do think we need to come back down to the 382 to will in that tail that BTC left
* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
* Willy stupidly overbought and has a M failure
*Still no structure in the histogram to confirm bullish or bearish divergence
*OBV M top but still hasn't crossed bearish
*Bearish divergence in volume
*Price wicked down to the .382 where on the CME chart shows a big price gap that needs filling
*Can the 50ma catch up to price to act as more support?
*We have a double distribution in VPVR with 2 big notches that need filling
*I do think we need to come back down to the 382 to will in that tail that BTC left
* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
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Note
BTC dominance
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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.