BTCUSD analysis

BTCUSD is in an interesting zone as it did decline quite a bit in the last months while we are waiting for an up reversal, which might come soon, so stay tuned and be ready!

Breaking the TOP orange line is an additional opportunity to enter BTCUSD as it might continue to the top blue line! Also notice the price stays above the blue diagonal line.
On the other hand, we need to be ready in case it doesn't and BTCUSD declines and break down the bottom orange line, if it breaks it will probably continue to the bottom blue line.

Comment:

BTCUSD still struggles between the top and bottom yellow lines!

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BTCUSD is testing support orange line at 40199

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BITCOIN drops below orange support line. Market is weak also helping it doing so.
We got a SELL SIGNAL from PIVOT algo now.

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BTCUSD is getting closer to 343400 - bottom blue support line. Important support!

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BTCUSD now touching 343400 bottom BLUE support line like in chart after Russian forces attack Ukraine. Breaking down this support blue line is sufficient and will reflect in addition down movement!

Comment:

BTCUSD still ranging between TOP resistance orange line at 45400 and BOTTOM support blue line at 343400, when there will a sight of an end to the Russian Ukraine war BTCUSD will defiantly break out the top resistance orange line and afterward the top blue resistance line.

Comment:

Still ranging between 45400 and 34400. Obviously BTCUSD still did not take a direction.