Why Bitcoin may Dip Further
تم تحديثه
Bitcoin has found support around our levels in the 
41K handle. This follows a brief attempt to press lower, which was bought back up to support. Bitcoin is holding a very narrow range, and the malaise from buyers does not bode well for upside potential. The longer Bitcoin ranges without significant buying interest, the more likely it is to see another dump. If so, watch for support in the lower 40K handle, but if that does not hold, we have our eyes on 38K. If we can muster a breakout, then 43.8K remains the level to break before we can press higher into the mid 40K's. There is a vacuum zone above 43.8K to 45.0K. The Kovach OBV has completely flatlined so we will need to see more momentum come through either way before BTC makes its next move.
41K handle. This follows a brief attempt to press lower, which was bought back up to support. Bitcoin is holding a very narrow range, and the malaise from buyers does not bode well for upside potential. The longer Bitcoin ranges without significant buying interest, the more likely it is to see another dump. If so, watch for support in the lower 40K handle, but if that does not hold, we have our eyes on 38K. If we can muster a breakout, then 43.8K remains the level to break before we can press higher into the mid 40K's. There is a vacuum zone above 43.8K to 45.0K. The Kovach OBV has completely flatlined so we will need to see more momentum come through either way before BTC makes its next move.ملاحظة
Sharp selloff in Bitcoin!! Still maintaining 40K's for now...
Join my discord at discord.io/quantguy
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.