Here we can see that bitcoin broke under multiple support lines. The price fell under the EMA 50, which may serve as future resistance. (blue line) If the price falls under the channel support, then a price drop equal to the height of the channel could occur.
This would be the $8470 - $8420 area.
This would be the $8470 - $8420 area.
코멘트:
There is some hidden bullish divergence that could suggest otherwise, however.
코멘트:
Also keep an eye out on the falling wedge, and small resistance line.
코멘트:
A bull and bear scenario...
코멘트:
Some hidden bearish divergence on the 15m (obviously would be more significant on a longer time scale)
코멘트:
New downward channel. Testing support again...
코멘트:
*From a wider perspective* Check out this major support/resistance line on the daily...
코멘트:
Bulls would love this
코멘트:
Wheres the volume though?
코멘트:
Welp! Swing and a miss. It happens! Feel free to check out my longterm take for Bitcoin on the weekly here:
