1D 
BTC update painting a 'no man's land' outlook. Why?
1. TK bearish cross, but prices have held steady in the clouds. Prices are consolidating here and that's GOOD instead of falling below the cloud.
2. 1D Stoch. RSI shows promising outlook.
3. Until we break above the cloud, 9k-ish, and TK cross bullish, stay away. I would.
BTC update painting a 'no man's land' outlook. Why?1. TK bearish cross, but prices have held steady in the clouds. Prices are consolidating here and that's GOOD instead of falling below the cloud.
2. 1D Stoch. RSI shows promising outlook.
3. Until we break above the cloud, 9k-ish, and TK cross bullish, stay away. I would.
Note
4H
BTC is likely to continue sideway action. $8500-ish has now become the new support area .
There's a TK -0.74% bullish cross on the 4H. I am positive that prices should remain steady and hopefully starts heading North towards the next resistance (see chart).
The stochastic RSI is pointing down and I believe if it resets, we will find good support at $8500-ish.
Note
$8500 was such a weak support due to the lack of volume.
Support found at $8200.
A bull flag is forming. I am still positive for short term.
Note
Some people are calling that it will go down to 7800-ish. I, however, don't see it coming (yet).
Note
Okay.. now i am convinced that it has fallen. That's my last support. If the BULLS do not wake up, there's no more decent support anymore and we fall down to $6XXX!
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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.