The recent price action stalled flattish with 4 days of doji... but overall, these doji have long upper tails. This means that with every attempt intraday to rise, eventually it is smacked down. Hence, selling pressure not tremendous, but enough to keep it in place.
MACD though a slightly lagging indicator, has already heads up that the daily chart of BTCUSD is in bear territory. Just need price to follow and complete the picture.
The window is opened for the revised target of mid-Feb 2025 accumulation at about 88,000.
Watch the weeks to come...
MACD though a slightly lagging indicator, has already heads up that the daily chart of BTCUSD is in bear territory. Just need price to follow and complete the picture.
The window is opened for the revised target of mid-Feb 2025 accumulation at about 88,000.
Watch the weeks to come...
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