BTC Chart Review and Update #8 ?

khalil319 (54)in #btc-chart • 4 years ago (edited)

Bitcoin chart review

BTC CHART

BTC Chart Published By Philosof at TradingView

https://www.tradingview.com/u/Philosof

Comment: Careful as most probably BTC is going down to the next support. Last week SPX, DOW and Gold were bouncing, and so did Bitcoin. Friday indexes closed with bearish engulfing (although above support) which may lead to second leg of dump on Monday. BTC is no different from other indexes now, as they represent overall economic health state. Therefore main move might be postponed for the beginning of the next week, but so far it doesn't look bullish.

Oh, Second support zone at 5800 should be coming soon.

Stay healthy and at home

Resistance: 6530 - 6870 - 7150
Support: 5800 - 5300 - 4000

Fear & Greed index: 12 (<= 8 <= 12 <= 14 <= 13 <= 12)
BTC Dominance: 64.8% (<= 65.2 <= 65.6 <= 65.9 <= 65.8)
24h Volume: $103 billion (<= 116 <= 115 <= 124 <= 140)

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