$BTC.X >> 4 Hr. Chart >> Technical Analysis
BTC.X >> 4 Hr. Chart >>
95000 is the next key level to hold / Heavy volume in this zone
If support breaks 92300 will be the target
Take a look at the IMACD LB Indicator / There was a Bear Cross today
Many times the Signal Line will stay below the MACD Line for an extended period of time once the bear cross occurs
Not always, but on multiple occasions
Since the Bear Cross just happened I'm thinking 95K may fail to hold and a 92K support test is on the way
We'll see / If BTC.X does dip to 92K it will likely correlate with a steeper decline for the stock market
Market Bulls need 95K to hold tomorrow otherwise the bears will likely press lower
95000 is the next key level to hold / Heavy volume in this zone
If support breaks 92300 will be the target
Take a look at the IMACD LB Indicator / There was a Bear Cross today
Many times the Signal Line will stay below the MACD Line for an extended period of time once the bear cross occurs
Not always, but on multiple occasions
Since the Bear Cross just happened I'm thinking 95K may fail to hold and a 92K support test is on the way
We'll see / If BTC.X does dip to 92K it will likely correlate with a steeper decline for the stock market
Market Bulls need 95K to hold tomorrow otherwise the bears will likely press lower
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.