Bullish pullback before further sell off
2024-10-04 Bitcoin analysis:
Weekly Timeframe:
- Looks like trend correction with potential reversal at 59542-55860
- Substantial upward liquidity shall push price as far as 76k, limited liquidity all the way to 34k
4H
- Domination of Buyside Liquidity in the OrderBook (coinglass.com/pro/depth-delta)
- Green Wave (SMA 50 BB) bounced back and going up
- SMA100 will likely serve as a resistance at 63438
- Red-Green Wave (MFI) starts to recover but didn't went substantially low, implying further sell
1H
- Bullish Divergance yesterday RSI and Blue Wave (EMA CCI)
Conclusion:
- The price wants to go further down but buyer resistance restrain further move.
There shall be pullback from which further sell possible
Weekly Timeframe:
- Looks like trend correction with potential reversal at 59542-55860
- Substantial upward liquidity shall push price as far as 76k, limited liquidity all the way to 34k
4H
- Domination of Buyside Liquidity in the OrderBook (coinglass.com/pro/depth-delta)
- Green Wave (SMA 50 BB) bounced back and going up
- SMA100 will likely serve as a resistance at 63438
- Red-Green Wave (MFI) starts to recover but didn't went substantially low, implying further sell
1H
- Bullish Divergance yesterday RSI and Blue Wave (EMA CCI)
Conclusion:
- The price wants to go further down but buyer resistance restrain further move.
There shall be pullback from which further sell possible
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.