Hello Traders -dear Members! So giving another look at the BTCUSD again, but for a longer time frame, and we are still bearish.
Range 12000 to 11000 is a very strong resistance zone, such I call it a massive supply, - a strong supply area zone that's working with 10000 for a possible demand target 5000. The 6878 could see price bumpy for the support area zone in there, but bearish pressure at 9400 holds the bearish setup.
*Monitoring will be required - a stochastic or MA for this one...-BTCUSD Bearish interests, Daily.
Have an awesome and fruitful week, from myself -the Chart Analyst.
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All of my market shared technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in form of any content. At this profile page, the analysis, ideas and also, the strategy of a chart belongs to charts34T; - it is not a market advice. You are both responsible and liable for your own account.
Range 12000 to 11000 is a very strong resistance zone, such I call it a massive supply, - a strong supply area zone that's working with 10000 for a possible demand target 5000. The 6878 could see price bumpy for the support area zone in there, but bearish pressure at 9400 holds the bearish setup.
*Monitoring will be required - a stochastic or MA for this one...-BTCUSD Bearish interests, Daily.
Have an awesome and fruitful week, from myself -the Chart Analyst.
--------------------------
All of my market shared technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in form of any content. At this profile page, the analysis, ideas and also, the strategy of a chart belongs to charts34T; - it is not a market advice. You are both responsible and liable for your own account.