BTC buyers still in control
after a tweezer top over the weekend we had last nights sell off which was closely followed buy a strong buy back.
Overall trend is still being respected and volume is starting to come back in now
price wicked down to the demand zone where buyers then took control and drove price back up over the trend line.
I am watching MACD at the moment waiting for the histogram to turn green and a cross at the bottom.
BTC was due for a decent pullback and IMO this was a healthy move.
My next supply zone is at the tweezer top so something to look out for is a Double top at that level which could see price dive again.
BTC USD
4hr
Overall trend is still being respected and volume is starting to come back in now
price wicked down to the demand zone where buyers then took control and drove price back up over the trend line.
I am watching MACD at the moment waiting for the histogram to turn green and a cross at the bottom.
BTC was due for a decent pullback and IMO this was a healthy move.
My next supply zone is at the tweezer top so something to look out for is a Double top at that level which could see price dive again.
BTC USD
4hr
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