Bitcoin is ranging between $40K and $45K. This was a previous value area for BTC. We have made a few attempts to break lower into the $30K handle, but these were quickly bought back. Currently, we are meeting resistance at $43.8K, and several red triangles on the KRI appear to confirm this. The Kovach OBV is quite flat, which provides confirmation to our assertion that Bitcoin should hold its current range. We will need some momentum either way to punch through $45K, or breakdown to the $30K handle.
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.