Macro support zones come from the WEEKLY chart
Three outlooks for the BTC daily chart!
Green Outlook 1) Bullish continuation of trend with a future pullback into the upper macro support zone.
Red Outlook 2) A healthy bearish daily correction to the 25 & possibly wicking-off 50 EMA if volatile.
This appears to be the logical observation, so I have labelled this as a short-term shorting analysis.
Dark Red Outlook 3) Very bearish correction continues to the micro liquidity zone (41 - 44.5k estimated)
ALL CONTENT IS EDUCATIONAL. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Three outlooks for the BTC daily chart!
Green Outlook 1) Bullish continuation of trend with a future pullback into the upper macro support zone.
Red Outlook 2) A healthy bearish daily correction to the 25 & possibly wicking-off 50 EMA if volatile.
This appears to be the logical observation, so I have labelled this as a short-term shorting analysis.
Dark Red Outlook 3) Very bearish correction continues to the micro liquidity zone (41 - 44.5k estimated)
ALL CONTENT IS EDUCATIONAL. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Note
The weekly candle closing above 60k will be an important event this evening for bullish continuation!Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
