BTC / USD (Interval 1D)
BTC was unable to break crucial resistance of $45.8k and now its breaking down towards $39.7k support which is also a pitchfork support, Technically it should rebound from here towards $44k but if unable to hold then we can see price action towards $36k-$37k which is pitchfork support. Stochastic on daily is giving sell signal whereas on 4H its in over-sold territory so we can possibly see a relief rally due to stochastic towards $42k before going further down. We have weekend coming so bears are saying what anonymous says "Expect us" :)
BTC was unable to break crucial resistance of $45.8k and now its breaking down towards $39.7k support which is also a pitchfork support, Technically it should rebound from here towards $44k but if unable to hold then we can see price action towards $36k-$37k which is pitchfork support. Stochastic on daily is giving sell signal whereas on 4H its in over-sold territory so we can possibly see a relief rally due to stochastic towards $42k before going further down. We have weekend coming so bears are saying what anonymous says "Expect us" :)
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