Morning all,
Getting back into the swing of things now. BTC has been pretty stagnant lately, besides this recent daily and 4h candles.
Maintaining this downwards momentum, I see it visiting our Demand again at around the 6600 mark.
Looking at this timeframe, there isn't a lot of evidence to say otherwise at this stage.
We'd honestly need a break of Supply, where the LH's are placed, to flip the other direction.
Our moving oscillators, including our own Steamroller, is calling for further move to the downside.
One last thing to note, that there is a slight inverse H&S forming on this daily timeframe, a move to our Demand Zone would create that last right shoulder, before a decision is made.
Getting back into the swing of things now. BTC has been pretty stagnant lately, besides this recent daily and 4h candles.
Maintaining this downwards momentum, I see it visiting our Demand again at around the 6600 mark.
Looking at this timeframe, there isn't a lot of evidence to say otherwise at this stage.
We'd honestly need a break of Supply, where the LH's are placed, to flip the other direction.
Our moving oscillators, including our own Steamroller, is calling for further move to the downside.
One last thing to note, that there is a slight inverse H&S forming on this daily timeframe, a move to our Demand Zone would create that last right shoulder, before a decision is made.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.