What’s Bitcoin, Next Major Move? With Current Consolidation
Weekly Time-frame
Bearish Harami Candle means we can expect more correcting move for this week. a bearish week is possible. We are still holding this demand zone. if we break this today we can reach $44,200.
1D Time-frame
Drop base drop base on market structure. So we can expect we are in the base at the moment. Expect a drop. Demand zone waiting at $44,700.
RSI is bearish, AO is in correction. Greed and fear index is in #52 Neutral. High Volume node waiting at $44,400. Most probably it can bounce in this area.
4H Time-frame
Double top and mini double top to drop again and is now dropping already. We are finding the demand zone holding in the neckline breakout area to the downside. It won't be long it will be broken.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Bearish Harami Candle means we can expect more correcting move for this week. a bearish week is possible. We are still holding this demand zone. if we break this today we can reach $44,200.
1D Time-frame
Drop base drop base on market structure. So we can expect we are in the base at the moment. Expect a drop. Demand zone waiting at $44,700.
RSI is bearish, AO is in correction. Greed and fear index is in #52 Neutral. High Volume node waiting at $44,400. Most probably it can bounce in this area.
4H Time-frame
Double top and mini double top to drop again and is now dropping already. We are finding the demand zone holding in the neckline breakout area to the downside. It won't be long it will be broken.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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