BTC analysis for today & intraday, still ray of hope for BitcoinPosted a lot today
Sorry, going to copy paste them all into this 1 post :D
Pls see profile for more info
-
10:50am
$BTC holding & still trading in range
#BTC Shorts not existing = Fuel IF more down
Volume not heavy, some sells but buys kind of there
Good
#bitcoin is @ 1Hr long term moving avg support
It needs to make stand soon
Otherwise, bear market over assessment = WRONG
-
1:50pm
Back for few minutes, day is done
$BTC area VERY IMPORTANT
#BTC volume not heavy but longs seem 2b taking some profits here, sells match long volume from last week
#bitcoin 1Hr shows extreme oversold
4Hr beginning 2b oversold
#crypto weak but so are #stocks
NEED FAST CHANGE
-
1:59pm
Keep in mind $BTC is STILL in BULL FLAG!
#BTC 20 Green Moving Avg below, 1st arrow
Support sub 23k (larger arrow most important atm)
#bitcoin trendline & support, 3rd arrow
1 thing lacking = RSI downtrend MUST be broken
That +break of neckline with VOLUME = bear DEAD
#crypto
-
Now
$DJI What do you see?
IMO RISK REWARD entry point good here if we close above the dotted line
$NDX doesn't look as good
More POVs for $BTC
#BTC Up & Sideways Channels = both good 4 bulls
#crypto