#BTC/USD
#Bitcoin is back into its support zone and now trading around 43000$. The high volume accompanied a daily candlestick that closed in the form of a bearish engulfing.
Technically, at the 1D frame situation remains positive by a MACD bullish cross, in the 4H frame, the indicators are neutral negative.
The engulfing candle is usually synonymous with a strong signal, which may take some or all of your gains on the long trade.
📈 Scenario 1: Manage to reach the 45000$ area and then 50000$ by breaking 44000$ resistance and the descending trend line.
📉 Scenario 2: We close daily candle below 41500$ and lose the long-term support area of 39-40k. We will go to the lower levels in this case.
#Bitcoin is back into its support zone and now trading around 43000$. The high volume accompanied a daily candlestick that closed in the form of a bearish engulfing.
Technically, at the 1D frame situation remains positive by a MACD bullish cross, in the 4H frame, the indicators are neutral negative.
The engulfing candle is usually synonymous with a strong signal, which may take some or all of your gains on the long trade.
📈 Scenario 1: Manage to reach the 45000$ area and then 50000$ by breaking 44000$ resistance and the descending trend line.
📉 Scenario 2: We close daily candle below 41500$ and lose the long-term support area of 39-40k. We will go to the lower levels in this case.