The price action facts
* We have big bearish candle week ago with small rebound it tell us that market not ready for quick recovery
* The past week shows outside bar that tell us doubt and confusing moods - means more possible retest lower levels
* We have technical good support around 3000-3200 with Weekly 200 MA support (long term support) that not already tested
Conclusion
From this fact we can conclude that bearish momentum too strong now and market doubt to go up and more possible retest lower levels.
We need to see full bar with huge volume and more $1000 growth to think that this market ready for any reversal signs.
* We have big bearish candle week ago with small rebound it tell us that market not ready for quick recovery
* The past week shows outside bar that tell us doubt and confusing moods - means more possible retest lower levels
* We have technical good support around 3000-3200 with Weekly 200 MA support (long term support) that not already tested
Conclusion
From this fact we can conclude that bearish momentum too strong now and market doubt to go up and more possible retest lower levels.
We need to see full bar with huge volume and more $1000 growth to think that this market ready for any reversal signs.
Comment:
Bitcoin reach target reversal zone. Going down possible but now we can see some signs of reversal in next few days. 3000 in the game. If this level fall - we will go under 2500 quickly.
