Bitcoin still on DOWNTREND (Bearish)
Once the price action is still below the supply zone and the general trend is downtrend, we can consider any asset with this condition still in a bearish scenario.
Bitcoin for the pass few days break the support in 29K and now playing within this range and below our SUPPLY ZONE.
We need a break of structure and hoping that will break the supply zone in 32K to consider that BTC will now in a reversal trend.
Once its touch only the SUPPLY ZONE and still reverse for a downtrend, the trend will continue
Bitcoin for the pass few days break the support in 29K and now playing within this range and below our SUPPLY ZONE.
We need a break of structure and hoping that will break the supply zone in 32K to consider that BTC will now in a reversal trend.
Once its touch only the SUPPLY ZONE and still reverse for a downtrend, the trend will continue
Moving averages still act as a resistance
our QQE mode indicator still on RED bars meaning bearish momentum