Bitcoin Chart Review and Update #37 ?

in #bitcoin5 years ago (edited)

Bitcoin chart review

ByBit: BTC 8H Chart

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Coinbase: BTCUSD 1W CHART

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Coinbase: BTCUSD 1M CHART

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BTC CHART Published by Philosof at #Tradingview
https://www.tradingview.com/u/Philosof

Comment: Month candle closed. Not only recovered from March dump, but made bullish engulfing. What next? Its bullish trend and 11 days left till halving. Just remember it.

While above 8630 bullish and possess potential to retest 9100-9200. If drop below, nearest target zones 7950 / 7666. Small chance whales will create themselves liquidity by dumping it lower to 6500-6855 zone, but I doubt that.

P.S. CME gap left since Aug'19 between 11695-11855

Resistance: 9200 - 9600 - 10000 - 11500 - 12900
Support: 8630 - 8400 - 7950 - 7700 - 7555

BTCUSD Cycles Chart

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I already lost hope to return back to this grand scale chart with cycles, but yesterday performance reminded, that anything is possible. This is 3 weeks chart and 10 days left till that candle close. 11 days till halving. As you see, magic doesn't happen fast. And right now it is retesting trendline and several resistance zones above 9220 - 9600 - 10000. The only question is if BTC will respect resistance zones if it becomes on hype .

#Bitcoin #BTC

Fear & Greed index: 40 (<= 44 <= 26 <= 27 <= 26)
BTC Dominance: 65.3% (<= 65.7 <= 63.7 <= 63.9)
24h Volume: $196 billion (<= 246 <= 138 <= 128)

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