G'day Guys..
Today we gonna analyse BTCUSD.
What we see here, this pair was followed our long term projected as attached link below.
Current market outlook, this pair was entered into decision area and has touch Demand Zone. This area considered as medium strength support level.
What we expecting here, we might see price rejection forming to create a Support / Demand zone to respect previous Support Area.
Red Line: If the price unable to break the Resistance level area, we expecting the price will rejecting and continue to retest support area. Which is mean we will see continuations trend will happen.
Blue Line: Once the price break above Resistance level area, we expecting the price complete the upside market cycles before continue down trend journey.
We also anticipate, if the price broke 65k mark (previous high) we might see the price uptrend of 100k area.
For now, we still expecting the price will be continue downtrend journey.
Let's see what happen next on this pair.. stay tuned..
Today we gonna analyse BTCUSD.
What we see here, this pair was followed our long term projected as attached link below.
Current market outlook, this pair was entered into decision area and has touch Demand Zone. This area considered as medium strength support level.
What we expecting here, we might see price rejection forming to create a Support / Demand zone to respect previous Support Area.
Red Line: If the price unable to break the Resistance level area, we expecting the price will rejecting and continue to retest support area. Which is mean we will see continuations trend will happen.
Blue Line: Once the price break above Resistance level area, we expecting the price complete the upside market cycles before continue down trend journey.
We also anticipate, if the price broke 65k mark (previous high) we might see the price uptrend of 100k area.
For now, we still expecting the price will be continue downtrend journey.
Let's see what happen next on this pair.. stay tuned..
