BTCUSD UPDATE
BTC/USD COINBASE:BTCUSD
A clear bearish condition was identified at 50 SMA and 200 SMA as the 1st test. It shows us a clear downtrend through momentum
The second confirmation is that the candlestick has created a new consolidation zone between $ 38982- $ 40862, which is now indistinguishable from the constant active supply & demand . That’s the zone created between $ 45882 and $ 34528. Therefore, it is not possible to give a clear prediction of the correct orientation until the accumulation is complete.
