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BTCUSD

3D BTC charts looking for possible bounces. Shall wait for the next 3 day candle to close to make an entry. Region around 200 EMA is a good risk reward setup.

We are still in a downtrend channel but with confluence of bottom trend line support with a 200EMA support.

200 EMA acting as support. It is the first time we have ever touch the 200EMA.

Last time it touch
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Bearish scenario
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4hr TF
- inverse head & shoulder
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3D candle closed with not much selling pressure. Giving signals to accumulate at this green box zone
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Don't like that 4hr candle closing hitting the top.
Possible formation of bear flag. Still hoping for some juice.
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3D candle closed with a nice green bar = good chance of some upside over the next few days from a probability stand point
BTCBTCUSDbtcusdlongBTCUSDTTrend Analysis

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