Bears Are Giving Up Already?
Weekly Time-frame
Awesome Oscillator is already bullish we printed green volume for weekly volume . We are about to test the supply area were we always get a rejection, if we hold this time it can flip it and turn it to base and start another rally to the upside.
1D Time-frame
Greed and Fear index is now #31 which is fear only. seems like we are holding on this area and we are gonna start pumping again as we have printed a bullish engulfing candle pattern.
RSI is also bullish above its Moving Average (MA). We are currently resting in the demand zone that is why we are bouncing as we touch the $42,000. Supply Area that needs to turn as Demand Area is in $43,000 – $46,000. If we touch the demand area we can expect more to the upside.
4H Time-frame
Our signal last night is now in profit. We just hit the entry in $42000 now its starting to be profitable. We are hoping that this base demand area holds so we can pump and break another Supply Area. RSI and AO are all bullish .
Long position liquidated reach up to $66M which cleared the way to the upside.
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.
