BTC is approaching major demand zone in price on Daily Time Frame.
Deep Crab PRZ/HOP on 4 Hour
1 Hr Bullish DiV in Price wrt to RSI and approaching major support zone.
Deep Crab PRZ/HOP on 4 Hour
1 Hr Bullish DiV in Price wrt to RSI and approaching major support zone.
Note
4 HR Squeeze shows that Bearish Momentum is fading away slowly. look when the Squeeze happened as shown in blue dots and when histogram shown there started becoming negative, we saw bearish momentum. Good news is this bearish momentum now is in the process of slowly settling down and bulls started defending the price. Note
Weekly time frame trend is still negative however but from here you may see price consolidation followed by bounce and then further sell off likely. However, the short term selling seems to be in the process of absorbing by bulls/buyers.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.
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.