Traders,
GOLD is going to find its new horizontal support zone SINCE LAST FRIDAY that it did not make a bullish rally to break its current wave.
Similar scenario is about to happen on BTC.
We did love to see BTC rally to make a correction back to 12k round. But BTC is so weak that we are now following the previous idea for a lower low.
The first horizontal support could not hold too long if BTC make it back to D without a strong rally bull move.
That would drag btc down to next support level 5k .
And then 3K for the future.
Less is more!
GOLD is going to find its new horizontal support zone SINCE LAST FRIDAY that it did not make a bullish rally to break its current wave.
Similar scenario is about to happen on BTC.
We did love to see BTC rally to make a correction back to 12k round. But BTC is so weak that we are now following the previous idea for a lower low.
The first horizontal support could not hold too long if BTC make it back to D without a strong rally bull move.
That would drag btc down to next support level 5k .
And then 3K for the future.
Less is more!
Comment:
Comment:
First will see D to be hit on the 4H chart above.
Comment:
Comment:
Pressure line on the top.
And support trendline is broken now on 4h chart.
And support trendline is broken now on 4h chart.
Comment:
Also bearish sign on 4H chart as trigger.
