Hi everyone,
with the dollar DXY going up with good support and market incertitude there is a good chance that the Bitcoin will retrace.
This was a good run but we must be realistic. Don't forget CME contract will open tomorrow. Also i note a ugly close on the weekly
and monthly chart, this is putting the market at risk. Here a some key support zone and bearish factors :
Bearish factors :
-Signature of candles double top with lower highs and lower lows (W chart)
-Signature of a Shooting Star on the monthly chart and formation of a spinning top (M chart)
-Weekly MACD slowing down
-Weekly stoch RSI bearish
-Monthly stoch RSI about to cross bearish
-Monthly KDJ just turned bearish
Top Key Strong Support Zone
-Weekly MA 21 : 21243$
-0.618 from bottom of Wave 2 18423$
-Monthly MA21 : 13269$ (agressive)
-0.786 from bottom of Wave 2 12014$
I wish you a wonderful day !
with the dollar DXY going up with good support and market incertitude there is a good chance that the Bitcoin will retrace.
This was a good run but we must be realistic. Don't forget CME contract will open tomorrow. Also i note a ugly close on the weekly
and monthly chart, this is putting the market at risk. Here a some key support zone and bearish factors :
Bearish factors :
-Signature of candles double top with lower highs and lower lows (W chart)
-Signature of a Shooting Star on the monthly chart and formation of a spinning top (M chart)
-Weekly MACD slowing down
-Weekly stoch RSI bearish
-Monthly stoch RSI about to cross bearish
-Monthly KDJ just turned bearish
Top Key Strong Support Zone
-Weekly MA 21 : 21243$
-0.618 from bottom of Wave 2 18423$
-Monthly MA21 : 13269$ (agressive)
-0.786 from bottom of Wave 2 12014$
I wish you a wonderful day !
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.
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.