Daily chart showing BITTREX:BTCUSDT approaching the bottom of the parallel channel and more importantly, the Weekly bear trend it left back in April.
Should bottom of the channel break then there is a good chance of us returning to the overall downward trend that start at beginning of the year.
Looking at the Daily timeframe for BITTREX:BTCUSDT, A bearish hidden divergence can be noted with price vs stochti.
With some previous daily support/resistance levels mapped, it looks like it is to retest 7.5k which a little too close to the bear trend(we've hopefully left) for liking.
Weekly timeframe still looking bullish as it comes to the end of a symetric ...
Weekly view of BITTREX:BTCUSDT seems to show that the Vol osc is falling quicker with every push down. Bears seem to be losing volume to push further and this could be a sign of trend reversal soon. Stoch is also showing oversold as well as the Sym triangle holding strong - seems very bullish to me(and my semi-amateur TA skills)
BTC tips welcomed :) - ...
BTC looks to be in the middle of forming an inverted head and shoulders on the daily timeframe. The drive it needs could come from the iH&S being formed on the 4HR
Think we'll be going down to 8k-7.8k USD before the big push to 11.7K in which the iH&S will be comfirmed and then be expected to ...
Neckline confirmed for a potential inverse Head & Shoulders on the BTC 4HR view. Daily also seem to be forming a iH&S, just needs to complete the trip from the head back to the neckline to make it valid. This could be the drive it needs to form the daily one successfully. Fun times :)