Is that right $BTC? 🧐 3+6=🔜

If the OBV closes this D on $BTC below the blue trend, it signals disaster. (Couple of key words in there so don't jump the gun)

Both Silver and Bitcoin dropping at the same time. DXY up. Seems more like this drop is due to Dollar strength rather than Bitcoin weakness. A catalyst, at minimum.

$XBTUSD 1D Bull divs forming on RSI and StochRSI, OBV still converging bear. Needs to reclaim 6.8~7k for a shot at breaking out of the magenta line and up to 8k.

$XBTUSD 1W And here's where that red area comes from, in case you were wondering. Weekly Stoch also forming a bull div, but RSI and OBV don't yet agree.

$XBTUSD 1D 7k reclaimed with a nice bullish engulfing. Today it's being retested as support (green arrow).

I'm not sure Alts are the move right now Inspect closely 🧐 $BTC

Suddenly looking interesting with volume $BTC

I'll be taking this if it confirms on the 15 minute by showing nice bull divs on volume and the momentum indicator. $BTC

Looking at $7200 now, will update.

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From a pure PA point of view the weekly close broke the high, but failed to remain above the open. No low was taken out so it’s consolidation for the time being. We now have a $640 range 🤮 on the this W that decides. A close above 7560 on the M helps a bullish…

Most of the indicators are going to look like trash right now, lets say this is finding a bottom here, 6883 is an area of interest I am watching for on a reversal. If we get a swing high on the hourly before 7082 (1.618 fib) then I am watching for a tap back…

#bitcoin #EndofMay

$XBTUSD 1D One thing that can be taken from all this sideways action: Dumps below the range are being bought back on high volume.

Since we're in max greed in the stock market, important to remember that hedge assets will initially take a hit during the dump as people sell to cover other investments/expenses. If, or when the fiat starts easing again, that's when inflation resistant assets…

Bitcoin has a very similar structure to Silver's price action, leading the market by 3 months. Silver pumped, when will Bitcoin?

$XBTUSD 1D OBV bull div and breakout. A close above 7550 (HH) would be a first step towards breaking out of this range.

$XBTUSD 1D Great close above resistance and on growing volume after OBV bull div and breakout.

$XBTUSD 1D 8k is the real obstacle here, close above it and we got an uptrend.