Bitcoin and Ethereum Chart Review Update #20 ?

khalil319 (54)in DIGITAL MINE • 4 years ago

Bitcoin chart review

BTC and Ethereum Chart Published By Philosof at Tradingview
https://www.tradingview.com/u/Philosof

Comment: BTC stopped at nearest support. I've mentioned two scenarios yesterday, but I feel going lower has more chances. The only thing that favor growth, is Gold and SPX500 closed week with bullish moves, surprisingly overperforming BTC. Although both should pullback on Monday, BTC might pick up the marathon stick. Otherwise rising wedge dump target is much lower.

In classic TA rules Rising wedge dump length should be +/- equal to length of flagpole - that takes BTC price to ~3k support ,

April 9th forecast: Bearish move should take it to 6855 - 6200 - 5800 - 5200 (dump within downtrend can easily break several support zones in one impulse move).

🙏 Stay healthy - stay at home

Resistance: 7050 - 7170 - 7300
Support: 6775 ✅ 6420 - 6200

Fear & Greed index: 15 (<= 15 <= 22 <= 21 <= 20)
BTC Dominance: 64% (<= 64.2 <= 63.9 <= 64.1)
24h Volume: $127 billion (<= 137 <= 125 <= 154)

#BTC #Bitcoin

Ethereum chart update

For those of you friends trading ETH, nothing changed. It followed BTC and went through 160$ support. Now we may expect it to re-test 160-164 zone. And after that most probably fall lower to 151$ and 142$.

Support: 160 - 151 - 145 - 141
Resistance: 164 - 169 - 172 - 175

#ETH #USD #Ethereum

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