Here we can see that bitcoin broke under multiple support lines. The price fell under the EMA 50, which may serve as future resistance. (blue line) If the price falls under the channel support, then a price drop equal to the height of the channel could occur.
This would be the $8470 - $8420 area.
This would be the $8470 - $8420 area.
הערה:
There is some hidden bullish divergence that could suggest otherwise, however.
הערה:
Also keep an eye out on the falling wedge, and small resistance line.
הערה:
A bull and bear scenario...
הערה:
Some hidden bearish divergence on the 15m (obviously would be more significant on a longer time scale)
הערה:
New downward channel. Testing support again...
הערה:
*From a wider perspective* Check out this major support/resistance line on the daily...
הערה:
Bulls would love this
הערה:
Wheres the volume though?
הערה:
Welp! Swing and a miss. It happens! Feel free to check out my longterm take for Bitcoin on the weekly here:
