BTC correction still moves on
Updated
finally price broke down the range level and now hit daily 50MA. I still expect price moves down more.
daily MACD line as you can see is moving below negative level and if 50MA can't hold it indicates more downward pressure.
so I expect if this scenario moves on price can decline and hit the critical support area on my chart.
if you look my previous BTC analysis I already mentioned about how this level is important so make sense price hover over around this level. (28K)
now if price hit the key area we can expect price turn to bullish trend again, also price can test daily 200MA before bounce up.
in any case if this level and 200MA can not hold price, more downward pressure may keep on. lets see
Enjoy the market
daily MACD line as you can see is moving below negative level and if 50MA can't hold it indicates more downward pressure.
so I expect if this scenario moves on price can decline and hit the critical support area on my chart.
if you look my previous BTC analysis I already mentioned about how this level is important so make sense price hover over around this level. (28K)
now if price hit the key area we can expect price turn to bullish trend again, also price can test daily 200MA before bounce up.
in any case if this level and 200MA can not hold price, more downward pressure may keep on. lets see
Enjoy the market
Trade active
price moving below daily 50MA, MACD line and histogram both moving below zero, so everything seems bearish yet and I still expect for blue area to test, even we could see a shake out to 27K level before turn to bullish. lets see
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