BTC and Altcoin Index Chart Review Update #25 ?

in hive-156057 •  4 years ago 

Bitcoin chart review

ByBit: BTC CHART

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

Comment: Don't you love Bitcoin volatility? Its amazing! Didn't get 23$ to short zone yesterday, and fell almost to second target, which bounced price to 7k resistance today - 8% in one 8H candle, Although it is early to confirm reversal, at some exchanges that pump made higher high (above yesterday peak). So it gives a hope for next drop to make a new higher low. Nearest strong support at ~6760. Within bullish scenario may expect wick there and continue growth.

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Resistance: 6985 ✅ 7170 - 7250 - 7475
Support: 6420 ✅ 6150 - 5860

Fear & Greed index: 13 (<= 18 <= 15 <= 11 <= 10)
BTC Dominance: 63.9% (<= 64.1 <= 64.2 <= 64.1)
24h Volume: $136 billion (<= 118 <= 120 <= 120)

Altcoin Index Chart

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Altcoin index almost got to 435 support - bounced a little higher from 445. Resistance at 490 broken - if day candle close above, we may expect alts to continue growing, after retesting 480-490 SR once again.

April 13th post: Same as I wrote 3 days ago, I expect it to hit 435 as well. If bounce, nearest resistance at 490.

Support 460 - 445 ✅ 435 - 422
Resistance 490 - 517 - 545 - 570

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