In this weekly chart you can see BTC fight inside Bollinger Bands, in the lower band part between middleline and outside. If you change to monthly view, you see the downside Pressure from upper band to BB middleline.
ADX trend is at at the weakest point since April 2018 which means the market is without any straight direction/trend.
For a bullish reversal, we need to bottom first between 4000-4800 USD OR break the 9100-9800 levels. But i guess we would have too many sellers to hold the Price above these level if it would happen.
ADX trend is at at the weakest point since April 2018 which means the market is without any straight direction/trend.
For a bullish reversal, we need to bottom first between 4000-4800 USD OR break the 9100-9800 levels. But i guess we would have too many sellers to hold the Price above these level if it would happen.
Comment:
trend still very weak.
Trade active