InvestMate ₿ Bitcoin Lack Of Strength For Increases ₿

29 gen 2023

₿ Bitcoin Lack Of Strength For Increases

₿ Nearest strong support zone: around the fibo level of the 0.236 upward wave.

₿ Nearest strong resistance zone: around recent peaks.

₿ Technical environment:

📊 Moving averages: Uptrend

📊 MACD: 50/05

📊 RSI: 50/50

₿ Price action: bitcoin today is trying to break out of the accumulation it has been in for more than 9 days, it doesn't look to me like it will find enough strength to break out at such a resistance zone. I expect the execution of a downward correction looking at the behavior of the price over the past few days.

📉 The scenario, the scenario hen I play out is to start executing a downward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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4 feb 2023

Nota