Bitcoin heading South.
6455
After the big fall of 12 March, from 7950 to 4000, bitcoin isn't in the mood to recover yet.
from the weekly perspective, bitcoin has a lot of order flow above the 6K, but couldn't close
a weekly candle above that level. As seen from the daily timeframe, we see the bulls losing momentum,
volume drops and a higher low is formed. we expect a further downfall. after first a potential retest
of the 6455 supports what aligning beautiful with the 0.618 fib level.
key area's to look out for :
- 5600
- 5000
- 4465
and as main target 3200.
Stay safe ! and leave us a comment and like!
After the big fall of 12 March, from 7950 to 4000, bitcoin isn't in the mood to recover yet.
from the weekly perspective, bitcoin has a lot of order flow above the 6K, but couldn't close
a weekly candle above that level. As seen from the daily timeframe, we see the bulls losing momentum,
volume drops and a higher low is formed. we expect a further downfall. after first a potential retest
of the 6455 supports what aligning beautiful with the 0.618 fib level.
key area's to look out for :
- 5600
- 5000
- 4465
and as main target 3200.
Stay safe ! and leave us a comment and like!
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