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 !
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.