EXTREME FEAR BUT BULL RUN?
Weekly Time-frame
Weekend dump in. Greed & Fear index is in Extreme Fear (22). We can expect more to the upside from this Extreme Fear. Liquidations reach 242M for the long position which is significantly bullish . We might not expect much movement this weekend as stock markets are close. But we would most likely see pumping in the coming days ahead.
1D Time-frame
We are back again to crossing the March 14 Ichimoku Cloud . It can punch through anywhere in the cloud but the March 14 is the easiest way to break through. We are still printing higher low and we need to hold the line or else Bitcoin will have hard time again breaking to the upside. Red volume in Awesome Oscillator (AO) means we are in correction from the pump, looking forward for it to print Green Volume in the following days.
4H Time-frame
We are now below the cloud, crossed from the thinnest part of the cloud. Support area is found through our Volume Profile Visible Range (VPVR). If $38,648 is broken, we will expect more downside. If it holds, then expect it will be the bottom and start pumping again. The next support to continue the up-trend and higher low is in $38,328, $37,758.
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.
