The price action has touched the bottom and we can see that at this area the traders interest is very low according to volume profile.
The stochastic is over sold and bullish.
The least squares moving average has touched the candle after 10 jan, and in 12 hr chart it is bullish insha Allah soon it will be bullish on day chart as well.
I am expecting that BTC is going to hit the pennant's resistance from here which is around 4000 insha Allah.
Regards,
Atif Akbar
The stochastic is over sold and bullish.
The least squares moving average has touched the candle after 10 jan, and in 12 hr chart it is bullish insha Allah soon it will be bullish on day chart as well.
I am expecting that BTC is going to hit the pennant's resistance from here which is around 4000 insha Allah.
Regards,
Atif Akbar
Trade closed: target reached