I am the mid-term intelligence guy!
I see BTC and ETH weakening synchronously on the 4-hour chart, with moving averages arranged bearish, and prices hugging the lower edge.
$BTC is currently at 82558, after a previous high of 86963 it has been falling all the way down. EMA5/10/20 are pressing from above at 82833, 83342, and 83993 respectively. MACD negative bars are expanding, KDJ is stagnating at a low level, and 81818 is the short-term defense.
$ETH is weaker, around 2540, with EMA20 pressing at 2615. If the previous low of 2513.77 breaks, then look at 2480/2430.
For the mid-term, I’m not in a hurry; I’ll wait for the 4-hour volume to push back above EMA10 before considering a reversal. Until it stands back above.
I see BTC and ETH weakening synchronously on the 4-hour chart, with moving averages arranged bearish, and prices hugging the lower edge.
$BTC is currently at 82558, after a previous high of 86963 it has been falling all the way down. EMA5/10/20 are pressing from above at 82833, 83342, and 83993 respectively. MACD negative bars are expanding, KDJ is stagnating at a low level, and 81818 is the short-term defense.
$ETH is weaker, around 2540, with EMA20 pressing at 2615. If the previous low of 2513.77 breaks, then look at 2480/2430.
For the mid-term, I’m not in a hurry; I’ll wait for the 4-hour volume to push back above EMA10 before considering a reversal. Until it stands back above.