Hello everyone!
BTC / USD is in a deep downtrend so in the short term we can see it on the line that acts as resistance (blue).
We had a brake recently with a spark plug followed by a large shadow and a large volume.
The order book has been emptied but despite it have continued to fall and even break the longest SMA.
For the moment we are in a stabilization zone.
So this situation remains risky for the moment, we remain in the buying phase we can always bounce back on the SMA.
We are in a rectangle (range) now we have to wait for a candle with a large purchase volume.
If we break from the top we can enter again and if we break from the bottom we can sell short.
These are not investment advice but usage recommendations.
Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment your points of view in the space dedicated in description.
Please like and follow, thank you.
BTC / USD is in a deep downtrend so in the short term we can see it on the line that acts as resistance (blue).
We had a brake recently with a spark plug followed by a large shadow and a large volume.
The order book has been emptied but despite it have continued to fall and even break the longest SMA.
For the moment we are in a stabilization zone.
So this situation remains risky for the moment, we remain in the buying phase we can always bounce back on the SMA.
We are in a rectangle (range) now we have to wait for a candle with a large purchase volume.
If we break from the top we can enter again and if we break from the bottom we can sell short.
These are not investment advice but usage recommendations.
Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment your points of view in the space dedicated in description.
Please like and follow, thank you.