BTC is down, but what now?

By thanaxcrypto | Nesher Trading Club | 26 Jun 2024


Hi everyone, I'm back for more personal commentary on the current market.

Firstly, I'm happy about the price drops, as I said previously in another post, you can read it, that the market was moving towards these zones and that's totally normal, just crazy and unprepared people to despair in such a beautiful moment.

The correction movement continued within the expected supply and demand zones, increasing its price quickly upon reaching the oversold zones, showing that important players can or certainly are (like me) keeping an eye on sardine traps.

BTCUSDT Graph and Analysis

We have three winning indicators, for those who operate using a setup with RSI, MVA and channels, three confluences have become important triggers for a good purchase. Typically, Bitcoin does not operate in oversold zones for long, but what will be the next chapters in this saga? Follow me to see more comments.

God be praised! Good work everyone!

Note: The content above is for informational and study purposes and is not an indication of investments, purchase or sale of assets. It should not be used for commercial purposes and is not consultancy or advisory content. For more information, contact the post administrator.

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BTC: 12uJuXTqRUMQTCLxgW5NSHUcwQWNW4WwDW
USDT or TRX TRC-20: TJg2wFrdXsDPLLLeqXKuxcCA9RAvqpfbUk

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