#BTC
OUTLOOK: Neutral
Recovery from $7,925 has neutralized immediate bearish outlook
A convincing move above the inverse H&S neckline of $8,465 would open doors for $9K.
Failure to hold above $8,170 could yield a dip below $8K.
OUTLOOK: Neutral
Recovery from $7,925 has neutralized immediate bearish outlook
A convincing move above the inverse H&S neckline of $8,465 would open doors for $9K.
Failure to hold above $8,170 could yield a dip below $8K.
#BTC Daily chart shows low odds of a inverse H&S breakout
Ysday's doji candle with long upper shadow shows sellers came-in strong above the 50-day MA and potential for BTC to trade to the downside back in the direction of the Daily trend.
5,10 DMAs are biased bearish.
A close today below $8,140 would add credence to yesterday's doji and open doors for a deeper sell-off below $8K.
Ysday's doji candle with long upper shadow shows sellers came-in strong above the 50-day MA and potential for BTC to trade to the downside back in the direction of the Daily trend.
5,10 DMAs are biased bearish.
A close today below $8,140 would add credence to yesterday's doji and open doors for a deeper sell-off below $8K.
#BTC
OUTLOOK: Neutral
Inverse H&S breakout on 4hr chart
Daily chart shows doji and bullish follow-through
Indicates -ve trend is losing steam
But low volume is cause for concern
Outlook neutral between 50-day MA & 100-day MA
OUTLOOK: Neutral
Inverse H&S breakout on 4hr chart
Daily chart shows doji and bullish follow-through
Indicates -ve trend is losing steam
But low volume is cause for concern
Outlook neutral between 50-day MA & 100-day MA
#BTC hourly chart shows a bearish price RSI divergence, RSI has also breached the ascending trendline.
Could yield a drop to 200-hour MA located at $8380.
Could yield a drop to 200-hour MA located at $8380.
#BTC
OUTLOOK: Neutral
Failed inverse H&S breakout + ascending trendline breached, could drop to $8,100.
Bear grip will strengthen if BTC drops below the falling trendline support.
OUTLOOK: Neutral
Failed inverse H&S breakout + ascending trendline breached, could drop to $8,100.
Bear grip will strengthen if BTC drops below the falling trendline support.
#BTC daily chart
Bullish: 5,10DMA has bottomed out, so break above $8,408 would allow re-test of $8,644. A break higher would expose 100DMA of $8,858
Bullish: 5,10DMA has bottomed out, so break above $8,408 would allow re-test of $8,644. A break higher would expose 100DMA of $8,858
📰 A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments
Argentina's Banco Masventas has revealed that it will enable customers to send cross-border payments using bitcoin.
A partnership with Latin America-focused exchange startup Bitex, founded in 2014, the news finds the regional bank using bitcoin as a payments rail in international transactions as an alternative to Swift.
Bitex chief marking officer says this marks the first time that a domestic bank has adopted bitcoin for cross-border payments.
Argentina's Banco Masventas has revealed that it will enable customers to send cross-border payments using bitcoin.
A partnership with Latin America-focused exchange startup Bitex, founded in 2014, the news finds the regional bank using bitcoin as a payments rail in international transactions as an alternative to Swift.
Bitex chief marking officer says this marks the first time that a domestic bank has adopted bitcoin for cross-border payments.
#BTC
OUTLOOK: Bearish
Drop to $7,787 (61.8% Fib retracement) likely as bears in control after inverse H&S breakout failure and close below $8K (weakest since April 17)
5,10DMA and RSI biased bearish
OUTLOOK: Bearish
Drop to $7,787 (61.8% Fib retracement) likely as bears in control after inverse H&S breakout failure and close below $8K (weakest since April 17)
5,10DMA and RSI biased bearish
hourly chart RSI and 4-hour chart RSI shows oversold conditions.
So, #BTC will likely defend support at $7,787 - 61.8% Fib
So, #BTC will likely defend support at $7,787 - 61.8% Fib
#BTC is attempting recovery on the back of bull price-RSI divergence
But, upside is being capped by immediate resistance at $7,925 (May 18 low). A break higher would expose descending trendline, currently seen at $8,034.
But, upside is being capped by immediate resistance at $7,925 (May 18 low). A break higher would expose descending trendline, currently seen at $8,034.
#BTC
Sustained break above $7,925 remains elusive.
So, bull divergence isn't yielding a notable corrective rally, which is usually the case when bearish sentiment is strong.
Last hourly candle failed to penetrate $7,925 and current candle is reporting losses...
Sustained break above $7,925 remains elusive.
So, bull divergence isn't yielding a notable corrective rally, which is usually the case when bearish sentiment is strong.
Last hourly candle failed to penetrate $7,925 and current candle is reporting losses...
#BTC
OUTLOOK: Bearish
Close yesterday below 61.8% Fib in a convincing manner, also closed below channel support, signaling bearish breakdown.
5,10MA is biased bearish.
Could drop below $7495 (session low) and extend losses towards $7,188 (76.4% Fib).
OUTLOOK: Bearish
Close yesterday below 61.8% Fib in a convincing manner, also closed below channel support, signaling bearish breakdown.
5,10MA is biased bearish.
Could drop below $7495 (session low) and extend losses towards $7,188 (76.4% Fib).
hourly chart shows #BTC has created a bear flag. A downside break would allow a drop to $7K (target as per the measured height method).
CryptoBullet
hourly chart shows #BTC has created a bear flag. A downside break would allow a drop to $7K (target as per the measured height method).
#BTC bear flag breakdown confirmed, looks like we are heading towards $7K