MarxBabu

BITCOIN Seeing Bearish Pressure More Downside coming

Short
BYBIT:BTCUSD   Bitcoin / U.S. Dollar
Crypto is seeing bear pressure now.
Especially BTCUSD could not cross 62000 USD for the past three consecutive moves .

The trend of smaller zones (yellow connects of first "Down") as per the picture
The trend of Bigger Zones (Yellow connects of Second "down") as per the chart shows that more downfall will be strong than the up moves .

Need to watch the move of the candles for next few candles to see where it will take the market.
Comment: Now it will form a channel and to follow the path of down trend

Comments

MarxBabu your articles and understanding of the of the crypto market is absolutely ace. i committed to trading full time just 3 months ago and your contributions have no doubt helped me level up
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Cool, but you can’t use your script
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