Indexes are losing momentum. Key supply zone on the hourly, along with bearish divergences & lower volume. Perfect chance for a short - or at least to take profits. Stay safe out there and HAGW!
Despite $BTC breaking to the upside recently, Bitcoin has not only retraced, but has begun breaking key support levels within the OBV oscillator. OBV beginning to break levels of support is the calm before the storm - especially while under areas of supply. As long as these current conditions hold under $40k, I expect ~$37k & possibly ~$35k. Lots of volatility as of late.
RSI & MACD both showing strong bullish divergences, along with a possible liquidity grab right below previous pivot points. Once (and if) price pushes through the current supply zone, my targets would be roughly $350, $358, & $367. Feedback is always encouraged. Enjoy!
The insane bull run for ETH could have finally found its top. RSI is experiencing a bearish divergence along with a bearish Harami candle on the weekly chart. I would tread cautiously.