Hello folks, looks like the test I was expecting was not as low as I thought.
BTCUSD
tested the 46k-47k support and then moved up to test the 50k-52k resistance, which seems to be where we are now.
Let's see what can happen.
Even though the MACD is in the positive and the RSI is saying that we are still not overpriced (still not above 70%), the volume is pretty low.
So we have 2 indicators saying it will go up and one saying it will go down.
Interestingly, the shorter-term charts (1h, 30m) have all started to show a movement downwards.
Based on that, I think we are in for one more test of the ~48k level (in the next 4-8 hours) before moving up again (tomorrow).
BTCUSD
tested the 46k-47k support and then moved up to test the 50k-52k resistance, which seems to be where we are now. Let's see what can happen.
Even though the MACD is in the positive and the RSI is saying that we are still not overpriced (still not above 70%), the volume is pretty low.
So we have 2 indicators saying it will go up and one saying it will go down.
Interestingly, the shorter-term charts (1h, 30m) have all started to show a movement downwards.
Based on that, I think we are in for one more test of the ~48k level (in the next 4-8 hours) before moving up again (tomorrow).
