M pattern forming (with 3 trendline rejections, the 3rd currently rejecting)
Parabolic run up while the rest of the market was either ranging or moving up slowly
Options expired yesterday, so could see a further move downwards as we have seen in the past after options expire
Nearing the end of the week/month
Its currently the weekend where we usually see a correction of the weeks bullish movement
2 strong rejections of the $14.50-$15.00 supply zone on 23rd and 24th March
BTC is currently still in a range between $50-$55k (current price is $54k)
Daily/3D/W RSI still in heavy overbought territory at 70 and above
Parabolic run up while the rest of the market was either ranging or moving up slowly
Options expired yesterday, so could see a further move downwards as we have seen in the past after options expire
Nearing the end of the week/month
Its currently the weekend where we usually see a correction of the weeks bullish movement
2 strong rejections of the $14.50-$15.00 supply zone on 23rd and 24th March
BTC is currently still in a range between $50-$55k (current price is $54k)
Daily/3D/W RSI still in heavy overbought territory at 70 and above
If we see a break of this trendline then we will look to long