Trade_Scholar

Is It Time For Bulls To Take Rest?

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Weekly Time-frame

We are currently in the Retracement. 23 hours left before the new candle. A strong rejection from $48,000. Support is waiting at $42,000.

1D Time-frame

We have printed a red candle which is a Bearish Harami. We can expect more to the downside. $44,195 is our previous low which is possible to be touched again.

4H Time-frame

We have been rejected in 0.618. now we push through 0.5 and now breaking the 0.382 in FIB Retracement. next target would be 0 in FIB lines with price target of $44,195.AO is bearish as well. And we are in Low volume node in VPVR.

We will discuss more on the possibility on our Live. Stay tune and check with us!

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