BTC/USD Daily TA Neutral Bullish

1 Haz 2022

BTC/USD Daily TA neutral with a bullish bias. *SELL-OFF WATCH*. *For the first time in history, the DOJ charged former OpenSea Head of Product Nate Chastain for Insider Trading with NFTs while he was at OpenSea. That headline surely didn't go over well with the crypto community.* Recommended ratio: 51% BTC, 49% Cash. Price is currently retesting the 50/50 uptrend line from March 2017 at $29691 as support and risks flipping the bias bearish if it closes below 30k in today's session. Volume remains moderate (low) and is currently on track to break the four day streak of buyer dominance if it can close today in the red. Parabolic SAR flips bearish at $27500, this margin is neutral at the moment. RSI is currently testing the uptrend line from 01/22/22 at 42.41 support after being rejected by the descending trendline from January 2021 at 52. Stochastic crossed over bearish in today's session and is currently trending down at 83 as it approaches a retest of 77.95 support. MACD remains bullish and is beginning to form a peak at -1135; it is still technically testing -1435 resistance. ADX is currently trending down at 36 and is beginning to form a trough as Price fell back down below 30k, this is mildly bearish. If Price is able to bounce from the 50/50 uptrend line from March 2017 (~29.6k) then it will have to close above $30507 in order to continue a rally and potentially retest the 50 MA at ~34.5k. However, if Price breaks down below the 50/50 uptrend line then it will likely test $24180 minor support before potentially falling lower. Mental Stop Loss: (tight stop - one close below) $29186.