BTCUSD Outlook -- Bearish Slant on the short-to-mid-term

10. Sept. 2020

• Orange 200 SMA sloping negative.
  
• Thick bearish Ichicloud.
  
• Appears to be rejected by 10429 USD VPVR level.
  
• Bullish slant if red 21 EMA continues to hold it up.
  
• TD approaching a 9, another bearish sign (flipping between a green 9 and a red 1 during posting).
  
• Continue to be supported above the white long-term trendline. Will be really bad for the bulls if the price even goes below this line.
  
• Blue VPVR support line at 9621 USD just under the white long-term trendline though, and strong purple VPVR support at 8732 USD.
  
• Bullish with opportunity to retest the 11141 VPVR level, if it can close above the 10666 USD base of the daily Ichicloud.
  

PRISM
Stochs of pRSI indicates overbought. AJ-Ribbon relatively sideways with a bearish slant atm.

RSI/Stochs
Classical Stochs(RSI) coming down.

Daily Chart View


FUSIONGAPS V4 {50/15} series
Not good for the bulls.


However, looks like Altcoins (collectively) vs. BTC still have some steam.

10. Sept. 2020

Anmerkung

The bullish short-term perspectives/considerations.

BTC broke up above the 10429 USD level and above the orange 200 SMA on the hourly.


If this continues to hold, a bullish momentum may take hold and spill to higher timeframes. However, thick bearish Ichicloud will continue to provide pressure preventing BTC to reverse higher in the shorter term IMO, and more consolidation is needed before bull will have a better chance to push higher again.

10. Sept. 2020

Anmerkung

ETHEREUM looking significantly more bullish though! :o
Will prep up the chart for publication later if I can find time.

11. Sept. 2020

Anmerkung

(3hrly BTC Chart, PRISM Analysis)
Looks like alt-coins may lose ground vs. BTC in the shorter term.

11. Sept. 2020

Anmerkung

Danger for ETH as well vs. BTC.
Bearish if it drops back below the thick orange 200 SMA.