Bitcoin / TetherUSUpdated BTC/USD 1D Update
We are currently in a Bear Flag .
BULL POINTS:
- Volume Divergence on 1 Day
- Broken back up into 4 Hour Bull Trend
BEAR POINTS:
- Bear Flag with 1 Day resistance (where we are currently at) with low volume .
- On our Volume indicator, we are nowhere close to breaking out.
A break up from this pattern could mean a retest of 52K . If we don't break it's likely we can drop to 28.9K - 32K - somewhere around here and range for a while.
BULL POINTS:
- Volume Divergence on 1 Day
- Broken back up into 4 Hour Bull Trend
BEAR POINTS:
- Bear Flag with 1 Day resistance (where we are currently at) with low volume .
- On our Volume indicator, we are nowhere close to breaking out.
A break up from this pattern could mean a retest of 52K . If we don't break it's likely we can drop to 28.9K - 32K - somewhere around here and range for a while.
Note
Looks like that was a BART1D rejected at Blue Line
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.