Double top on the dow. medium/strong bear divergence on the EFI and RSI & weak bear div. on the OBV. Buy volume low compared to recent months. Need to see how this sell candle forms at the end of the month cycle. Rsi crossed back below 70. Targets: 25k/23.5k/21k/18.5k (ish). China's economy is weaking alot more than expected due to tariffs. Stock buybacks and...
BTC found a little support at an interesting line. Right at the neckline from the inverse head and shoulders pattern we broke a few weeks ago. Will be watching these levels for a bounce closely. Stoch RSI starting to curve in and hit the bottom of the BB. RSI is heading downward. Currently in fiat watching the 1D/1W charts for a bounce. Will be having tight stop...
RSI is sitting right at 50 while an ascending triangle is forming. ETC fork is coming on July 14th and its holding support on the 20 day SMA and the other SMAs are pointing up as well. As long as bitcoin does well then this coin should be ready for a pump. Currently consolidating atm with higher lows.
Volume still pretty low so it seems like the price needs to drop down around 6.8k - 7k to get that buying pressure back. BTC still staying along the trendline which is around 7.3k consolidating. RSI almost at oversold but needs the volume to push the price up. CMF still shows that the selling pressure is there so there may be another dip between 6.8k - 7k then...
Looks like the bullish falling wedge pattern is trying to form on wan. Reached the 7000-7100 sats support again which is near the 50% fibonacci support line with the RSI rising forming a slighy bullish divergence on the 8 hour. MACD has crossed on the 6 hour and is starting to cross on the 8 hour. selling volume decreased so it seems the support line has been...
