BTC/USD: Potential Change in Trend

١٤ أبريل ٢٠٢٠

BTC went through a strong bearish phase till middle of March and entered in to a weak rally till first week of April. Since then it has been showing signs of weakness as shown by the simple trend following (High-Low) mechanism on the chart.
If the current trend continues we may see 5850 and 4810 test.

I do not trade BTC and all the above views are personal.
Hit like if its worth.

Regards
JJSingh

١٤ أبريل ٢٠٢٠

ملاحظة

١٤ أبريل ٢٠٢٠

ملاحظة

On the hourly

١٦ أبريل ٢٠٢٠

ملاحظة

Nice rejection from the resistance zone mentioned above.

١٦ أبريل ٢٠٢٠

ملاحظة

١٦ أبريل ٢٠٢٠

ملاحظة

A pullback can't be ruled out.