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BTCUSD - Strong Momentum to the down side
Hello Traders,
Price remain on strong S/R level 48000$. If the price smash that S/R level, then we should see price further dropping.
To the upside we have TL. That if the price decided to go higher then breaking that line will indicating rise of the price, but significant size.
On the previous analysis I had mark upper limit of swings 59124.4, that level was not breach by the price.
On the long candle I had mark 50% which should indicate S/R level.
Momentum right now indicates strong drop trend.
Cheers,
Jim
Price remain on strong S/R level 48000$. If the price smash that S/R level, then we should see price further dropping.
To the upside we have TL. That if the price decided to go higher then breaking that line will indicating rise of the price, but significant size.
On the previous analysis I had mark upper limit of swings 59124.4, that level was not breach by the price.
On the long candle I had mark 50% which should indicate S/R level.
Momentum right now indicates strong drop trend.
Cheers,
Jim
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