Bitcoin daily consolidation, likely to break support
Bitcoin on the daily is still consolidating in a range and is looking likely to breakdown in the next few days. However, cannot trade for the downside until we see a confirmed breakdown of the daily 377 EMA.
Bitcoin has rejected from the yellow 21 EMA and the red 10 SMA using both as resistance. We also have a daily death cross that is going to confirm in 1-2 weeks if price action is unable to regain the 200 EMA.
Daily stochastics are downtrending in the bear control zone.
Daily RSI is in the bear control zone below trend line resistance and below RSI EMA. No divergence is currently present
Bitcoin has rejected from the yellow 21 EMA and the red 10 SMA using both as resistance. We also have a daily death cross that is going to confirm in 1-2 weeks if price action is unable to regain the 200 EMA.
Daily stochastics are downtrending in the bear control zone.
Daily RSI is in the bear control zone below trend line resistance and below RSI EMA. No divergence is currently present
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