BTCUSD on the 1D time-frame

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

ThemasterFxIdea

Bitcoin / USD may fall to 33000 – 36000

Our preference
Short positions below 41500 with targets at 36000 & 33000 in extension.

Alternative scenario
Above 41500 look for further upside with 45000 & 48000 as targets.

Comment
The RSI lacks upward momentum. Also, the price has broken below a bullish channel lower boundary.

You might be interested in …

Trading View May 10, 2022

short on SHIBA

short on SHIBA SHIB / TetherUS BINANCE:SHIBUSDT Cryptobees_buzz $SHIBUSDT bounced off the descending trendline. Bearish movement to local low at 0.000014$ is likely to happen.

Trading View March 19, 2022

DAO price suppression DAO Maker / Tether KUCOIN:DAOUSDT KingRogue DAO token has suffered & will suffer from its massive token unlock. Price suppression is obvious and we can expect it to not reach higher prices […]

Trading View February 6, 2022

Bitcoin (BTC) – February 7

Bitcoin (BTC) – February 7 Bitcoin / TetherUS BINANCE:BTCUSDT readCrypto Hello? Traders, welcome. If you “follow”, you can always get new information quickly. Please also click “Like”. Have a nice day. ————————————- ( BTCUSDT 1W […]