More Downside Coming For Bitcoin

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I am expecting further downside in Bitcoin. When looking at the net buying/selling pressure, the current time looks very similar to August 2019. After the current dead cat bounce, we can expect to test 26k support and possibly lower.

The white/grey line represents the net buying/selling pressure on the indicator. You want to look for crosses above and below the midline as well as crosses above 30. A cross above 30 means that the bulls are in control and the price could rise rapidly.

Looks like we are very bearish in the short term.

٢٠ مايو ٢٠٢١

ملاحظة

Still below the 2D pivot which was support but is now resistance. Above the blue line is bullish. Below the blue line is bearish.

٢٠ مايو ٢٠٢١

ملاحظة

Each trip into the 40k area seems to get quickly rejected

٢٠ مايو ٢٠٢١

ملاحظة

Bulls fighting to stay above the 4H pivot with 5min left until the candle closes

٢٠ مايو ٢٠٢١

ملاحظة

Trend line resistance

٢١ مايو ٢٠٢١

ملاحظة

١ يونيو ٢٠٢١

ملاحظة

1 month Ichimoku Kumo Cloud support is at 10k. Will we touch that sometime before 2023? I would imagine so.

٢ يونيو ٢٠٢١

ملاحظة

Interesting spot for the Volume Point of Control to be located at

٢ يونيو ٢٠٢١

ملاحظة

The Volume Supported Linear Regression Oscillator on the 4 day chart shows that we have been in a long term downtrend since 4/15/21 and we are just now about to cross the zero mid-line of the oscillator on the short term.