Good Morning
This is certainly an interesting situation for $BTC!
Perhaps #BTC may hold this area for 2 days, or more?
Still think bias is more towards the downside BUT this could be an area of consolidation, why not?
Spot #bitcoin charts are all over the place. This makes it harder to make calls on spot charts.
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ETH
on the other hand is a bit of a mixed bag.
Moving averages are a better gauge on Futures so am not shocked that #ethereum bounced where it did.
RSI seems to be a more accurate gauge on Spot #ETH. It is close to being oversold, not shocked it bounced.
Light volume on Futures. However, heavier than normal selling on spot.
This is certainly an interesting situation for $BTC!
Perhaps #BTC may hold this area for 2 days, or more?
Still think bias is more towards the downside BUT this could be an area of consolidation, why not?
Spot #bitcoin charts are all over the place. This makes it harder to make calls on spot charts.
-------------------------------
ETH
on the other hand is a bit of a mixed bag. Moving averages are a better gauge on Futures so am not shocked that #ethereum bounced where it did.
RSI seems to be a more accurate gauge on Spot #ETH. It is close to being oversold, not shocked it bounced.
Light volume on Futures. However, heavier than normal selling on spot.