BTC Analysis March6

WEEKLY
we are currently in a PULLBACK as i have predicted last week, we are still waiting how this candle will close this week. If we are aiming for bullish one.. I think the candle now must reach at least half

On Daily:

IN SUMMARY::::: so for me now.. its critical that it must be able to get up from there
if not there will be another bear wave
but currently downside rejection is supported by volume
which is a good sign

BULLISH SIDE:
Bearish Volume Decreasing
Currently showing signs of strong rejection
Stochastic just came from Oversold
Signs of MACD loss of momentum
DL still Uptrend bul in NTZ price still fighting to be above 20MA

BEARISH SIDE:
Bearish Engulfing on Resistance level below the 20MA
Stochastic Bearish Crossover
Macd still bearish
Possibility of testing 41k which coincides with previous step TOP and 50MA


6Hours:
HA is in NTZ along Strong Support Level


4 Hours:
BULLISH SIDE:
Signs of downtrend is finished
Trend Reversal waiting for confirmation (if can stay above the purple line) 200MA which has confluence of support levels)
Possible Formation of inverse H&S
BULLISH Volume Coming in that matches with the pumps
MACD Bearish loosing momentum
Signs of strong bearish rejection, 5 touch on support level on current wave
Possible not to be able to reach bottom of downtrend channel

BEARISH SIDE:
Possible Death Cross might happen
Price might be rejected by resistance and that coincides with the 20 and 50 MA if this is the case
It might go down 44 then test 46 then go down 41


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DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY
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