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Alex_trade

Daily Bitcoin chart review 15.05.2020

Target zone at 9200-9250 support hit on the same day of forecast 👌 Almost 7% wick down and bounce back. BTC holds for 9600 SR, and from that location we can expect the following continuations. Drop below will hit 9480 and may take it to the same targets mentioned yesterday. Stay above leaves a chance for another bullish impulse to test 9900 and higher with breakout target 10550. The way chart look at the moment I prefer to stick to bearish scenario - and since 9200 was already tested, this opens the way to 8900.

Yesterday post: If 9960 was the top for that impulse, pullback targets ~9250 / 8900.

Resistance: 9800 - 9960 - 10100 - 10550

Support: 9480 - 9230 ✅ 9000 - 8900

😱 Fear & Greed index: 44 (<= 40 <= 41 <= 39)

👑 BTC Dominance: 67.6% (<= 67.6 <= 67.2 <= 67)

⚙️ 24h Volume: $174 billion (<= 171 <= 137 <= 184)