Our Medium Term Trend Model has gone bearish recently, and current price action also confirm that the market is currently bearish. Using our Peak & Valley indicator for levels and the Liquidity Weighted Moving Averages for trend analysis, we have determined 4 possible price paths 
BTCUSD can take over the next few days:
1) retest 42.6k and dip to 38k
2) retest 42.6k, dips below 40.5k before retesting and going to 38k
3) retest 41.8k and dip to 38k
4) retest 41.8k, dips below 40.5k before retesting and going to 38k
Should any of these possibilities play out, remember to use confirmation from other forms of analysis such as reversal or sensitive indicators to confirm price is rejecting those levels
BTCUSD can take over the next few days:1) retest 42.6k and dip to 38k
2) retest 42.6k, dips below 40.5k before retesting and going to 38k
3) retest 41.8k and dip to 38k
4) retest 41.8k, dips below 40.5k before retesting and going to 38k
Should any of these possibilities play out, remember to use confirmation from other forms of analysis such as reversal or sensitive indicators to confirm price is rejecting those levels
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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.
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Code: HMD25
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Code: HMD25
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❓Do you have feedback or indicator ideas? Join our server to tell us about it!
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.