Weekly Time-frame

We are now in the supply zone and in the resistance area of Fibonacci Retracement 0.236 ($47,463). We are also having some rejection in the supply zone . We hit $48,200 and tap out from it we might see some correction as we already have the correction.

1D Time-frame

$47,400 is the top currently in our 1d time-frame. Greed and Fear index is still in #55 which is greed. We can expect more people looking to long the market but short is most likely a better option.

4H Time-frame

We are currently in the bear trend. we have created double top . we have reached the top already for this rally and now starting to retrace. We are bouncing back and forth in $48,000 to $46,500. That’s where supply and demand zone are waiting.

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.