12/8 Wednesday
1D BTC found support at psychological level of 50k and 200 EMA
12h we see bounce of the bottom of down trending channel
6-4h after expected move down price bounced at 49k level. Currently (10am) creating engulfing green candle on above average volume
2h look at OBV and RSI since 4th Dec creates bullish divergence indicating further move up
1h huge spike in volume and huge green candle form VPVR level at 49200, price reversed move down after three 1h anomaly candles at the bottom
30m at 9:30am price created anomaly on move up, even higher volume and small body candle
However further analysis on 15m timeframe confirms move up based on price and volume
Prediction LONG until weekly strong resistance at 52400
1D BTC found support at psychological level of 50k and 200 EMA
12h we see bounce of the bottom of down trending channel
6-4h after expected move down price bounced at 49k level. Currently (10am) creating engulfing green candle on above average volume
2h look at OBV and RSI since 4th Dec creates bullish divergence indicating further move up
1h huge spike in volume and huge green candle form VPVR level at 49200, price reversed move down after three 1h anomaly candles at the bottom
30m at 9:30am price created anomaly on move up, even higher volume and small body candle
However further analysis on 15m timeframe confirms move up based on price and volume
Prediction LONG until weekly strong resistance at 52400
Trade closed: stop reached
Just after opening the trade there appears anomaly red anomaly candle - sign to close the trade. Previous move down to 49k created enough volume support toward which price gradually gravitated.
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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.