#BTC/USD Update +
📊 Daily-Frame 📉 S & R 📈 Chart Update
#Bitcoin closed a very bad weekly candle below 47000$ and our strong 200 days moving average. Until we're under 49000$ the situation will be so dangerous for BTC and there will be high chances for more dumps.
⚠️ If we look at the volume profile of the last consolidation zone (47000$ area), we notice that BTC is just below the last value zone. If BTC manages to break through this area, we can see another 50k by having a good buy position at the location of the last liquidity gap.
📈📉 #Bitcoin Technical Indicators :
Technically, the Picture is showing weak positive signs but both MACD and WaveTrend are trading in their oversold territory. On a 4h time frame, the indicators are negative
📊 Daily-Frame 📉 S & R 📈 Chart Update
#Bitcoin closed a very bad weekly candle below 47000$ and our strong 200 days moving average. Until we're under 49000$ the situation will be so dangerous for BTC and there will be high chances for more dumps.
⚠️ If we look at the volume profile of the last consolidation zone (47000$ area), we notice that BTC is just below the last value zone. If BTC manages to break through this area, we can see another 50k by having a good buy position at the location of the last liquidity gap.
📈📉 #Bitcoin Technical Indicators :
Technically, the Picture is showing weak positive signs but both MACD and WaveTrend are trading in their oversold territory. On a 4h time frame, the indicators are negative