BTC (Y20.P4.E7).TA.Areas of interest Bitcoin / TetherUS BINANCE:BTCUSDT ssari Hi All, Looking at this chart, one can see a few key points. > The 2 Moving Averages, being the current potential range on the daily: The 50 MA as the top resistance giving downward pressure; The 200 MA as the last bullish support; Potentially to test the 9150 price > We have the bottom trend line looking like a channel or downward wedge formation. > 2 area of interests for the reversal, $9800 to $9950 and $9200. 1st area can be viewed as a double bottom . The other area of interest can be viewed as downward wedge breakout formation. The 9200 price range has confluence with the daily 200 MA and the well established support level for the month of June and July. > Daily indicators show no sign of reversal yet, no cross over of the signals\rsi or crossing over any time soon. Note how one of the fib channel lines has conflence at this level (0.382 green line) > On the 8 HRLY, shorter time period, we have signals crossed over however in the bearish region meaning no reversal any time soon. > Short term, BTC dom. to drop however we still have upward pressure on BTC .dom in the 2 day and above. Please give me a tick or like for this post. Regards, S.SAri 8 HRLY chart: Daily chart: 3 Day chart: Not the Phoeix indicator, the RED rsi has yet to pass the 50% level while the grey energy is declining, still showing downward pressure. 20 Hr for the 3 day candle to close BTC .dom 3 day chart SP500 still sideways or downwards pressure.