$BTC - 48K too strong? Consolidation time?
Evident 48K is very strong resistance where we have whales colluding shorting the asset
Not one 4 hour candle has close above this level
We have seen flat top triangles forming all over the market - consolidate under resistance then push through
Possibility of this here also
4HR bearish divergence causing some current sell momentum
There was a month gap causing bearish divergence on the 1D chart, we got a small sell off then made more bearish divergence with a leg up, now a sell off partly due to the second bearish divs created
Supports at $45,500 and $44,300 and the ascending trend line. Let's see how it reacts to these levels!
Hoping well as currently it is hurting alt profits which is frustrating but part of crypto...
Not one 4 hour candle has close above this level
We have seen flat top triangles forming all over the market - consolidate under resistance then push through
Possibility of this here also
4HR bearish divergence causing some current sell momentum
There was a month gap causing bearish divergence on the 1D chart, we got a small sell off then made more bearish divergence with a leg up, now a sell off partly due to the second bearish divs created
Supports at $45,500 and $44,300 and the ascending trend line. Let's see how it reacts to these levels!
Hoping well as currently it is hurting alt profits which is frustrating but part of crypto...
Expecting big profit taking at 50K due to psychological level