TradingView
ashisht2
Sep 3, 2021 4:56 AM

Bitcoin 

Bitcoin / TetherUSBinance

Description

This is 2nd week that it stopped at the supply zone which is at the 0.61 fib this week and the next week it has to clear this off. The 4th week would be troublesome otherwise. Waiting and watching.
Comments
ashisht2
it's going to be bearish for a month or two imo.
ashisht2
so that's final we are going to revisit 42500 levels soon. that long wick.
ashisht2
IMO That is all. 1h chart confirms break down below 50 ema 1day candle formed bearish engulfing pattern. Stil have over 12 hours to close the daily candle but an 1h candle break down confirmation is enough to close the day with the engulfing candle. but lets not loose the hopes. lets see how it goes.
ashisht2
lost momentum
More