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Bitcoin and Ethereum Classic Chart Review Update #45 ?

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Khalil
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Bitcoin chart review

BTC CHART

BTC and ETC CHART Published by Philosof at #tradingview https://www.tradingview.com/u/Philosof

Comment: BTC landed on important support. Today we may expect it to bounce back to previously broken SR at ~9200-9300. What happens next depends on how bullish will be that bounce and retracement after it. Looking at bigger picture in case of bearish scenario Bitcoin may easily fall to 8500-8600 and in one more week to 7700 (if 8k won't hold the dump). But if current bounce will give some volume, King may avoid that bearish retracement and stay above 9k. For now trade range stands at 8800 - 9300.

Previous TA: (if) 9200 support break down and price drops to the next support levels at 9100 / 8900 ✅

Resistance: 9100 - 9230 - 9400 - 9600 Support: 8900 - 8740 - 8630 - 8540

Fear & Greed index: 42 (<= 49 <= 52 <= 50)
BTC Dominance: 66.2% (<= 66.6 <= 67 <= 67.1)
24h Volume: $127 billion (<= 118 <= 122 <= 127)

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ETC chart update

Now that BTC dominance fell time to remember other coins that has good events coming. ETC is one of them with mainnet coming in June. At this stage it is totally bearish within bearish trend. Everything can change if price get above 7500 resistance. Mark that price, set alarm for it. Once close above, good to look for long entries.

Right now above 6880 support. If day candle close above it, good to continue growth, but risky first entries only from that level. Not higher.

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