Here I illustrate the current situation for BTC with marked zones representing areas of interest for both sides. The current price action is very similar in this area once again showing another relatively high volume green TD sequential 9 reversal. The MACD and Stochastic RSI are showing extreme exhaustion conditions similar to prior lows, as well as the sign of returning to the EQ line. IF BTC oscillators are suggesting a return to the median line then it could see a move the EQ of this price range which can be seen by the VPVR level, weekly/monthly supply zone and higher time frame fibonacci level ( $47,000 - $50,000).
Macro view has not changed since price has only wicked through the monthly demand zone.
I am not promoting anything other than my ideas. This is not Financial advice.
Macro view has not changed since price has only wicked through the monthly demand zone.
I am not promoting anything other than my ideas. This is not Financial advice.