BITCOIN - similar divergence 4hr and daily
Clean up the different channels, left with one still valid bigger down channel mentioned yesterday that's the channel top resistance is holding strongly despite multiple test by candle to break. Possible down wedge consolidation, might retest 3680 and shadow dips below then bounce off the wedge bottom. Either the channel or wedge breakout will lead to test of 4000 again before heading 4400 to complete IHS but looks like timeframe running short unless it burst spike. Margin long have been building up in size. Bias upside
On daily chart, price still holding above previous low of 3680 support zone while stoch made lower lows. Similar divergence on 4hr. Weekly candle closed off doji.
News:
(Current)
https://cointelegraph.com/news/launch-timeline-for-bakkts-bitcoin-futures-to-be-clarified-early-2019-ice
The document reiterated that previously the firm had been targeting Jan. 24, 2019 as a launch date, but that the date “will be amended pursuant to the CFTC’s process and timeline.”
(Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :114
Total marketcap :126
Dominance :51.8
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
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The coming days will be interesting as volume comes back into the marketsbin general!
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