August 11 2019 BTCUSD Daily ChartsteemCreated with Sketch.

in #chart5 years ago

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  • Short Term ; Support : 11200 & 11000 || Resistance : 11460 & 11620.

  • Seems like btcusd already fall from trendline symmetrical triangle and bearish movement came in swift pace until it hit 11200 as a potential next support for a while. Expect a movement target based on symmetrical triangle pattern toward +- 11000 USD region before it could decide BTCUSD next trend.

  • If BTCUSD decide to consolidate around 11200 a while, seemingly create a descending pattern if there's an fail attempt on price action to retake down trendline of the recent descending pattern in the future.

  • Indicator looks bearish while on 4 hour while there's a mixed signal by OBV that already create a bullish divergence for a recent price movement. Other indicator (CCI and CMF) follow the price action bearish price action and had no clear divergence yet.

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Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.

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