$140 Million In Bitcoin Liquidated, Are We Yet For Another Run?
Weekly Time-frame
We hit our major supply area $48,000. We can see Retracement from this. All stocks are now in correction including Russel 2000. We broke out from the cloud but got a rejection and now back inside the cloud.
1D Time-frame
Greed and Fear index is now at #56 still in greed. We might have some Retracement coming. 1D Awesome Oscillator is still bullish, and we got a long wick when we hit the supply zone.
RSI almost Overbought. VPVR is now in high volume node which is hard to break.
4H Time-frame
We hit the top $48,000 now we are about to start correcting. We are overbought in Relative Strength Index RSI. Awesome Oscillator is now bearish. but still higher high. We have found support in Fibonacci line at 0.382 and started bouncing. We are about to make lower high.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
We hit our major supply area $48,000. We can see Retracement from this. All stocks are now in correction including Russel 2000. We broke out from the cloud but got a rejection and now back inside the cloud.
1D Time-frame
Greed and Fear index is now at #56 still in greed. We might have some Retracement coming. 1D Awesome Oscillator is still bullish, and we got a long wick when we hit the supply zone.
RSI almost Overbought. VPVR is now in high volume node which is hard to break.
4H Time-frame
We hit the top $48,000 now we are about to start correcting. We are overbought in Relative Strength Index RSI. Awesome Oscillator is now bearish. but still higher high. We have found support in Fibonacci line at 0.382 and started bouncing. We are about to make lower high.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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