Bitcoin and VeChain Chart Review Update #15 ?

in btc •  2 months ago 

Bitcoin chart review




BTC and VET Chart Published By Philosof at Tradingview

Comment: Volume raised, F&G index raised, dominance fell. Nice combination of bullish factors, Although final target for that move still stay within 7550 - 7950 range, BTC may retest 7100-7200 zone soon as well, maybe even 6870-6900. In case of second scenario for lower pullback, alts may also fall a little, especially those who pumped most of all. Market is bullish, but overbought, so make sure you are ok with upcoming volatility.
P.S. Redraw trendlines with line chart for a change. Just to show trendlines shouldn't be taken too serious =)

🙏 Stay healthy - stay at home

Resistance: 7550 - 7800 - 8000 - 8550
Support: 7170 - 6900 - 6666 - 6420

Fear & Greed index: 20 (<= 12 <= 12 <= 12 <= 14 <= 14)
BTC Dominance: 64.3% (<= 65.2 <= 65.2 <= 65.2 <= 65.5)
24h Volume: $169 billion (<= 118 <= 109 <= 120 <= 150)

#BTC #Bitcoin



VET likes to follow the King. Nice volume on that impulse, that promise some growth in future. Still I'd recommend to target 49-50 support as a buy zone. Might take a day or two, but should come back there.

Support: 49 - 45 - 42 - 37
Resistance: 57 - 59 - 62 - 65



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