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.
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.
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Still below the 2D pivot which was support but is now resistance. Above the blue line is bullish. Below the blue line is bearish.
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Each trip into the 40k area seems to get quickly rejected
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Bulls fighting to stay above the 4H pivot with 5min left until the candle closes
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Trend line resistance
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1 month Ichimoku Kumo Cloud support is at 10k. Will we touch that sometime before 2023? I would imagine so.
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Interesting spot for the Volume Point of Control to be located at
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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.