BTC- 1D TIMEFRAME ANALYSIS
BTC PA finished a 5 wave move to the downside from 25214 to 18500
A correction to the daily 50 ema currently at 21500 was due
underneath it we have a lot of heavy resistance. (Daily, Weekly & Monthly nPOC) at 21400
failure to break and hold above will signal a continuation to the downside
targets below 17k will become highly likely
NOT A TRADE SETUP
NOT FINANCIAL ADVICE
A correction to the daily 50 ema currently at 21500 was due
underneath it we have a lot of heavy resistance. (Daily, Weekly & Monthly nPOC) at 21400
failure to break and hold above will signal a continuation to the downside
targets below 17k will become highly likely
NOT A TRADE SETUP
NOT FINANCIAL ADVICE
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