Bitcoin looking to pull back.... inverse Cup and Handle. Measured move down to $22K area... <----
CAUTION here! Would like to see it bounce off the $23k support or if it can't hold there $22K of course...
CPI came in better for Risk On but Unemployment came in lower to conflict the CPI data... Looks like Bears are winning the battle so far!
More Market Moving Data tomorrow, PCE and New Home Sales.
Expect Volatility.
Will be watching....
Good Luck Out There!
CAUTION here! Would like to see it bounce off the $23k support or if it can't hold there $22K of course...
CPI came in better for Risk On but Unemployment came in lower to conflict the CPI data... Looks like Bears are winning the battle so far!
More Market Moving Data tomorrow, PCE and New Home Sales.
Expect Volatility.
Will be watching....
Good Luck Out There!
Note
BTC 4HR in this rising channel. The pull back in effect. Makes sense that it can drop to the bottom of this channel.
Keeping an eye on it...
Good Luck Out There!
Note
BTC UPDATE - Zoomed in, looks like Bitcoin is printing a descending triangle.. Well, you know what that means... TA says more downside...
looking for a move down to the lower trend line on this rising channel.
Alt coins have been dumping and catching some good SHORTS!
Good Luck Out There!
Note
LOL! Soon after post BTC broke down to create a falling wedge pattern with Bullish Divergence on the 1HR! RSI showing over sold also....
This could be just a bounce...
Still could see the bottom of the bigger Rising Channel.
Keeping an eye on this one.
Good Luck Out There!
Note
Bitcoin making a nice continuation 1HR break out of the bigger falling wedge! 2nd Break out!!! Lets Go BTC!
Resistance at $23600, level by level
Bulls are waking up from a lil nap! LOL!
Keepin an eye on it!
Good Luck Out There!
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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.