BTCUSD Still in march 12 // channel , now on the bottom ..

still down trend lmao
if bottom of the channel breaks then we're have good chance to retest the 8.7k and after 8.4 / 8.2k support
scenario if bottom channel hold, another 8.8 / 8.9k test, and then bounce to 9.5K
we re going to have some up & down in the 9.2 / 8.9k range meanwhile


volumes and RVI still real heading down, Mempool pending transaction raised from 11k on may 8th to nearly 47k , just start to go down a little!
RSI oversold on 1D but big overbuy on 1H, so,.....
Checking out volume sRSI MACD and RVi
my idea is a bottom re test another time again
Close long if you have any, or tighten your SL

Feel free to tell your own view on that ...


NB: Smart people never bet more than they can afford to lose.
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Trade at your own risk
This is just an idea about the current situation,NOT a trade advise .


9,492.50 Pivot Point 1st Resistance Point
9,379.71 Price Crosses 9 Day Moving Average
9,241.20 Price Crosses 18 Day Moving Average
9,163.48 3-10 Day MACD Oscillator Stalls
9,155.85 Pivot Point
High 9,151.89
9,129.93 14-3 Day Raw Stochastic at 50%

Last 9,083.82

9,061.13 Previous Close
8,942.69 Low
8,906.06 38.2% Retracement From 4 Week High
8,884.79 50% Retracement From 52 Week High/Low
8,758.45 14-3 Day Raw Stochastic at 30%
8,723.96 Pivot Point 1st Support Point
8,703.35 14 Day RSI at 50%
8,638.11 Price Crosses 18 Day Moving Average Stalls
8,572.72 14-3 Day Raw Stochastic at 20%
8,550.03 50% Retracement From 4 Week High/Low
8,387.31 Pivot Point 2nd Support Point
8,194.00 38.2% Retracement From 4 Week Low