BTCUSDT- A CLOSER LOOK TO 1HR CHART & THE MOST PROBABLE SCENARIO
OUTLOOK: Bearish
>Price will move again sideways for another squeeze.
>But still bearish since we are still in the bearish territory even in other time frames.
>Heavy rejection around EMA 18 & $6000, now $6000 is acting as a resistance after it was broken.
>Support around $5700-$5800 with the bottom trend line but looks like it way not hold as the price get squeeze again.
>RSI, MACD $ STOCH RSI looks so weak at the moment even while trying to make an upward reset.
>My bottom is around $5200 - $5400, but other technicians suggests it may go much lower (around $4800).
>BTC price is currently at the break-even point for miners. Stay safe.
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
>Price will move again sideways for another squeeze.
>But still bearish since we are still in the bearish territory even in other time frames.
>Heavy rejection around EMA 18 & $6000, now $6000 is acting as a resistance after it was broken.
>Support around $5700-$5800 with the bottom trend line but looks like it way not hold as the price get squeeze again.
>RSI, MACD $ STOCH RSI looks so weak at the moment even while trying to make an upward reset.
>My bottom is around $5200 - $5400, but other technicians suggests it may go much lower (around $4800).
>BTC price is currently at the break-even point for miners. Stay safe.
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
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