Bitcoin chart review
https://www.tradingview.com/u/Philosof/
chart published by philosof | Tradingview.com
Comment: Bitcoin drawing a new strong SR zone within 5200-5400 range. Volatility range 4500 - 6000. Yesterday BTC dominance pumped and dumped within 3 hours, and ended up at the same value, so market still haven't decided on direction. Although I tend to think that local bottom was already formed, chart has no confirmation for this. Furthermore it is still very bearish and indicators show that another swing down is coming, as it fail to hold above 21EMA at 4H TF
check this post
Resistance: 5470 - 5650 - 6500 - 7150
Support: 4590 - 4100 - 3700 - 3400
#BTCUSD / 1week
chart published by cryptovinceteam | tradingview.com
*No pattern that shows strength or reversal for now. Price must recover above $5800 for me to give Bulls a chance. Price also must recover above MA200 on weekly.
There's a "small" DEMAND around 5k which is currently holding the Price but as you can see it's not that important. Anything that closes below $4900 might crash the price down to the 3k area. The diagonal I traced is not that important.
Watch out for DEC '18 Swing LOW & JUN '17 Swing HIGH (S/R Flip)*
Fear & Greed index: 8 (<= 9 <= 12 <= 8 <= 10 <= 14)
BTC Dominance: 63.6% (<= 64.1 <= 63.7 <= 63.8 <= 64.1)
24h Volume: $150 billion (<= 122 <= 109 <= 178 <= 264)
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