Btc has been ranging between 52000-45500 with POC of the range coming in at 49k in confluence with a weekly closure-Price action broke Poc so a move to the bottom of the range is likely, but has a .786 fib + trendline + value area in confluence as support @ 47k
-RSI is oversold on 4 hours with possible hidden bull div on 12h
-Volume is increasing with decreasing price which is bearish, but has increased Vol signature on the low which is implying Weak hands selling and or MM/Smart money buying
-Bol bands are contracting into the range, implying consolidation/lower volatility
-Monthly and Year close coming up in 3 days,
Monthly is putting in a swing high with bearish divergence and stoch bearish and heading lower
Yearly candle is bullish with a long wick of 30% as of now but has increasing vol for the pass 3 years
-RSI is oversold on 4 hours with possible hidden bull div on 12h
-Volume is increasing with decreasing price which is bearish, but has increased Vol signature on the low which is implying Weak hands selling and or MM/Smart money buying
-Bol bands are contracting into the range, implying consolidation/lower volatility
-Monthly and Year close coming up in 3 days,
Monthly is putting in a swing high with bearish divergence and stoch bearish and heading lower
Yearly candle is bullish with a long wick of 30% as of now but has increasing vol for the pass 3 years