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Alex_trade

Daily Bitcoin chart review 19.05.2020

Really glad to see that bullish scenario in play. After small pullback, BTC grow back to test 10k resistance again. That attempt has high chances for breakout, as this will be 4th test of that zone! And we remember - the more times Sr zone is tested the weaker it becomes. The only thing that doesn't suit breakout scenario is volume - it is still too low for a major move. Well it might appear after stops and liquidations got trigerred. Nearest target for breakout 10550.

Resistance: 9800 - 9960 - 10100 - 10550

Support: 9600 - 9400 - 9230 - 8900 - 8630

😱 Fear & Greed index: 50 (<= 50 <= 40 <= 41)

👑 BTC Dominance: 67.1% (<= 67.1 <= 67.1 <= 67.1)

⚙️ 24h Volume: $127 billion (<= 142 <= 116 <= 135)