BTCUSD Doom?
in D1 Bulls are trying but Bears are strong at this point. we may see a little bounce from previous resistance candle before we see doom around 5.9-4.2, critical support
W looking bad
If W closed like the highlighted area, we may see more dumps before bounce.
if the next candle could at least turn to a L2P, Its a potential bounce.
Hence, we have to see the closing candle for this week
We may need a good fundamentals for bear to stop. We may see 3-4k, or a consolidation around 7-8k will be a new ground for cheap coins
W looking bad
If W closed like the highlighted area, we may see more dumps before bounce.
if the next candle could at least turn to a L2P, Its a potential bounce.
Hence, we have to see the closing candle for this week
We may need a good fundamentals for bear to stop. We may see 3-4k, or a consolidation around 7-8k will be a new ground for cheap coins
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.