Time For Bulls To Gather Momentum at 44,500!!
Weekly Time-frame
We are still in the Demand and supply area until one gives way either to the upside or to the downside. Trading area $48,000 to $46,000. We might end up having a dump this April fools and create a Flip zone instead of Rally Base Rally.
1D Time-frame
We are not yet overbought in 1D TF. But the rejection from $48,200 sting a lot that it's having hard time going back up. We can expect bearish candle today as we have a bearish engulfing candle stick pattern. Greed and Fear Index now at #52 still in Greed but this is bearish.
4H Time-frame
Confirmed we are staying inside the demand zone. Planning to flip it into a supply zone and start dumping. We will see if the bears will be able to flip the zone.
Double top breakout confirmed to the downside.
1H Time-frame
Just as I said before that we will be crossing in the thinnest part of the cloud. Now in 1h TF we can see we are crossing in the thinnest part indeed.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
We are still in the Demand and supply area until one gives way either to the upside or to the downside. Trading area $48,000 to $46,000. We might end up having a dump this April fools and create a Flip zone instead of Rally Base Rally.
1D Time-frame
We are not yet overbought in 1D TF. But the rejection from $48,200 sting a lot that it's having hard time going back up. We can expect bearish candle today as we have a bearish engulfing candle stick pattern. Greed and Fear Index now at #52 still in Greed but this is bearish.
4H Time-frame
Confirmed we are staying inside the demand zone. Planning to flip it into a supply zone and start dumping. We will see if the bears will be able to flip the zone.
Double top breakout confirmed to the downside.
1H Time-frame
Just as I said before that we will be crossing in the thinnest part of the cloud. Now in 1h TF we can see we are crossing in the thinnest part indeed.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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