There has been a rejection at the WMA 600 (H4) line (blue) at 44500, below the WMA 500 line (Daily) (yellow) and the Ichimoku cloud is still red. So in conclusion BTC will decline again.
Note
Profit target at 25500 (according to Fib. Extension calculation).
Note
My other additional analysis on the 4 hour chart.
Trade closed manually
My analysis has been closed, it is no longer valid for current conditions. Thanks.
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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.