So far, #BTC price behaved as I expected and shared with you in my previous ideas here.
But what would be the next move?
As you can see, the main accumulation in the previous #bear market happened in the yellow box, from almost $6k to
13K, and after that there is no accumulation in other price levels.
So, we can expect the price testing that area if some bad financial news or war news come to the market.
The orange box is an important support for now and price can show a dead cat bounce to
25K area before dropping to lower levels.
Also, OBV shows money flowing out of the market which confirms the downside move.
Cheers!
Mr.Cryptotracker
But what would be the next move?
As you can see, the main accumulation in the previous #bear market happened in the yellow box, from almost $6k to
13K, and after that there is no accumulation in other price levels. So, we can expect the price testing that area if some bad financial news or war news come to the market.
The orange box is an important support for now and price can show a dead cat bounce to
25K area before dropping to lower levels. Also, OBV shows money flowing out of the market which confirms the downside move.
Cheers!
Mr.Cryptotracker
Mr. CryptoTracker
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.
Mr. CryptoTracker
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.