Wedge formation - BTCUSD looking to test the lows of this wedge, nice demand zones below. Supply zone above used up....Red demand zone used up.. limited resistance on way down to complete pattern and drive more interest at those lower prices again
Price moving very slow on Daily TF.
If looking for longs I would wait for downtrend line to be broken first.
Possible reversals at the support line or look for momentum to be shifted onnce price touches/comes into demand zone below.
Speculators are driving this move down now so hedge funds will likely have limit orders at a much lower price now, ie the demand...