BTC/USD: Potential Change in Trend

14 באפר׳ 2020

BTC went through a strong bearish phase till middle of March and entered in to a weak rally till first week of April. Since then it has been showing signs of weakness as shown by the simple trend following (High-Low) mechanism on the chart.
If the current trend continues we may see 5850 and 4810 test.

I do not trade BTC and all the above views are personal.
Hit like if its worth.

Regards
JJSingh

14 באפר׳ 2020

הערה

14 באפר׳ 2020

הערה

On the hourly

16 באפר׳ 2020

הערה

Nice rejection from the resistance zone mentioned above.

16 באפר׳ 2020

הערה

16 באפר׳ 2020

הערה

A pullback can't be ruled out.