BitcoinShort
#BTC/USD Update
#BTC/USD Update +
📊 Daily-Frame 📉 S & R 📈 Chart Update
#Bitcoin closed a very bad weekly candle below 47000$ and our strong 200 days moving average. Until we're under 49000$ the situation will be so dangerous for BTC and there will be high chances for more dumps.
⚠️ If we look at the volume profile of the last consolidation zone (47000$ area), we notice that BTC is just below the last value zone. If BTC manages to break through this area, we can see another 50k by having a good buy position at the location of the last liquidity gap.
📈📉 #Bitcoin Technical Indicators :
Technically, the Picture is showing weak positive signs but both MACD and WaveTrend are trading in their oversold territory. On a 4h time frame, the indicators are negative
📊 Daily-Frame 📉 S & R 📈 Chart Update
#Bitcoin closed a very bad weekly candle below 47000$ and our strong 200 days moving average. Until we're under 49000$ the situation will be so dangerous for BTC and there will be high chances for more dumps.
⚠️ If we look at the volume profile of the last consolidation zone (47000$ area), we notice that BTC is just below the last value zone. If BTC manages to break through this area, we can see another 50k by having a good buy position at the location of the last liquidity gap.
📈📉 #Bitcoin Technical Indicators :
Technically, the Picture is showing weak positive signs but both MACD and WaveTrend are trading in their oversold territory. On a 4h time frame, the indicators are negative
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.