With BTC failed to break 60000 within the last 3 weeks it becomes more clear that we will have a drop in BTC and returning back to 43000 again for the following reasons :
1- Its noticeable that whales are selling BTC in future markets we can see more Bids than Asks
ibb.co/n1D19ZM
2- Selling accumulation bids were clear even when BTC hits 56000 today earlier
ibb.co/p4nQkcP
3- Wedge Formation seen and price already broken the upper trend since Jan 2021
4- Divergence on RSI 9 Jhon Hyder way
5- 60K breaking up failure within the last 3 weeks
It would very important to have a daily candle below 53000 to have the drop confirmation
BTC will return back to 43000 again based on the chart analysis
1- Its noticeable that whales are selling BTC in future markets we can see more Bids than Asks
ibb.co/n1D19ZM
2- Selling accumulation bids were clear even when BTC hits 56000 today earlier
ibb.co/p4nQkcP
3- Wedge Formation seen and price already broken the upper trend since Jan 2021
4- Divergence on RSI 9 Jhon Hyder way
5- 60K breaking up failure within the last 3 weeks
It would very important to have a daily candle below 53000 to have the drop confirmation
BTC will return back to 43000 again based on the chart analysis
Comment:
LTC analysis remain the same and will follow BTC direction
Comment:
ETH analysis remain weak as mentioned before
Comment:
I am getting a buying signal from BTC future markets CME , as long as 50000 will hold we will have a short term bullish direction
ibb.co/ypBDqsM
ibb.co/ypBDqsM
Comment:
We would have a trend down toward 51000 again if not break 57000 soon
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Comment:
Keep moving down as expected
