BTC 1D 8-21-21
Updated
-bearish divergence forming on 1D RSI/Volume in rising wedge pattern, can easily be invalidated soon
-in prior demand zone near ATH, molesting 50k resistance
-1D 200/50/20 EMAs flipped bullish with crosses just days apart
-waiting for volume breakout for some confirmation
-ETH 1D from Jan-Feb '21 had wedge pattern with bearish divergence but broke upside, target for BTC break upward is 56-60k supply zone
-bias towards short position, 50-55k resistances may have underestimated strength
-US stock market last week took a moderate dip, closed with some recovery
-delta variant is good candidate for catalyst in market breakdown
-in prior demand zone near ATH, molesting 50k resistance
-1D 200/50/20 EMAs flipped bullish with crosses just days apart
-waiting for volume breakout for some confirmation
-ETH 1D from Jan-Feb '21 had wedge pattern with bearish divergence but broke upside, target for BTC break upward is 56-60k supply zone
-bias towards short position, 50-55k resistances may have underestimated strength
-US stock market last week took a moderate dip, closed with some recovery
-delta variant is good candidate for catalyst in market breakdown
Note
Gosh darn beautiful.
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