Overhead providing questionable movement to the upside in this timeframe. Only those who are NOT SWING TRADERS - those who trade lower than hourly know the current game better than I. I'm hodling until I see a break above resistance. CAVEAT: do as ypou see fit. NOT financial advice.
Previous support has been broken (see the pink dotted line). CME Futures Gap (from previous chart) looks like it's providing pressure - from where we are now it appears that the impetus is to move towards the S1 Level. That's it from me today.
I picked this support level from 2017 a couple of weeks ago to see if would hold any relevance. For what it's worth here's the chart. Guess where we're at right now?
Using VPVR the 21, 30, 100 & 200 EMAs on the BTC.! Chart it's easy to plot areas of possible up or downsides by looking at the strength of volume or the lack thereof and whether or not the notion of a drop or pop is supported by the EMAs.
So we all talk about Moving Averages as support for BTC, especially the 21day. Yet, I am struck to find charts out there in the TV Universe - so I've taken it upon myself and made a very clean one. The thing is... When dialed back to the 4hr the 21day chart becomes quite telling, more so (dare I say) than looking for divergence - at least that's my take on it. You...