BTC is approaching major demand zone in price on Daily Time Frame.
Deep Crab PRZ/HOP on 4 Hour
1 Hr Bullish DiV in Price wrt to RSI and approaching major support zone.
Deep Crab PRZ/HOP on 4 Hour
1 Hr Bullish DiV in Price wrt to RSI and approaching major support zone.
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Snapshot attached for Ref.
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4 HR Deep Crab Bullish Harmonic Pattern
X-A 1.618 FIB
BC FIB Projection 3.14 to 3.618
X-A 1.618 FIB
BC FIB Projection 3.14 to 3.618
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1 HR Bullish Divergence in price with respect to RSI
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4 HR Squeeze shows that Bearish Momentum is fading away slowly. look when the Squeeze happened as shown in blue dots and when histogram shown there started becoming negative, we saw bearish momentum. Good news is this bearish momentum now is in the process of slowly settling down and bulls started defending the price.
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Weekly time frame trend is still negative however but from here you may see price consolidation followed by bounce and then further sell off likely. However, the short term selling seems to be in the process of absorbing by bulls/buyers.