Bitcoin looks ready for a dump. We’ve now seen continued selling pressure through the last several hours
Look at the 0.382 fib at 9,850 for a potential bullish bounce. Lots of confluence, however if broken we could have several days of downward momentum
Look at the 0.382 fib at 9,850 for a potential bullish bounce. Lots of confluence, however if broken we could have several days of downward momentum
Note
The 4 hour 200 MA holding as support for the time being. Bullish div on 4/1hr with lower timeframes cooking offMarket cypher readings show oversold in many timeframes. A hold at this level could initiate a fresh batch of fomo before a continuation dump. Be safe out there, wear protection.
Note
ETH dominance has been climbing the last few hours, price action has yet to follow. Would be interesting if ETH diverged from bitcoin price action or led the next wave
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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.