BitcoinShort
BTC Correction is coming up
An active downward movement began on a four-hour interval, but the closed trading volumes are not sufficient to sustain the correction. For a full reversal, another movement of BTC to the ~67,000 zone (marked in blue) is required. Readiness for a correction will be indicated by a large trading volume, and the further price movement will be downward until the end of May.
Middle Drop Zone - Price accumulation area
Potential Max Drop Zone - Correction target
Reverse and Max Volumes - Zone that we need to reach before the start of the correction
Middle Drop Zone - Price accumulation area
Potential Max Drop Zone - Correction target
Reverse and Max Volumes - Zone that we need to reach before the start of the correction
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.