BTCUSD Still not out of the Downtrend INSIDE DAY ? 15 Min 3/8/20
An Inside Day maybe forming (small lilac triangle) it is a continuation pattern but it could be a change in direction too.
The two dashed parallel yellow lines are to measure how far down it could go if it breaks above towards the top of the PINK rectangle and then reverses back down to the bottom of the GREEN channel around 35xxx (see previous 1 Day chart) and towards the blue arrows.
39122 is where the most volume has accumulated, see RED POC HORIZONTAL line, given the little volume in the past few days it could reverse down today or tomorrow, watch the new down 15 minutes chanel in yellow and if it goes up correct the length of the two dashed yellow lines to calculate how far down it may go.
At the moment it is finding a very strong resistance at 39122 POC
The two dashed parallel yellow lines are to measure how far down it could go if it breaks above towards the top of the PINK rectangle and then reverses back down to the bottom of the GREEN channel around 35xxx (see previous 1 Day chart) and towards the blue arrows.
39122 is where the most volume has accumulated, see RED POC HORIZONTAL line, given the little volume in the past few days it could reverse down today or tomorrow, watch the new down 15 minutes chanel in yellow and if it goes up correct the length of the two dashed yellow lines to calculate how far down it may go.
At the moment it is finding a very strong resistance at 39122 POC
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