Fear/Greed is at 11, very fearful.
We are exactly where I thought we would drop to support, but way faster than I expected. I expected some time at 10.6k, then to 10k with a clear bullish divergence at some point. I see what could be bullish divergence on the 2-hour, and the 4-hour is oversold. The daily still could drop some more on the MFI.
If we break below the wedge, which I will consider confirmed at 9.6k, I'll switch to short.
We are exactly where I thought we would drop to support, but way faster than I expected. I expected some time at 10.6k, then to 10k with a clear bullish divergence at some point. I see what could be bullish divergence on the 2-hour, and the 4-hour is oversold. The daily still could drop some more on the MFI.
If we break below the wedge, which I will consider confirmed at 9.6k, I'll switch to short.
Note
alternative.me/crypto/fear-and-greed-index/fear greed oscillator.
Note
price did dip to 9.5k quickly but we're back to 10.4k now, support held.
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.