Once the price action is still below the supply zone and the general trend is downtrend, we can consider any asset with this condition still in a bearish scenario.
Bitcoin for the pass few days break the support in 29K and now playing within this range and below our SUPPLY ZONE.
We need a break of structure and hoping that will break the supply zone in 32K to consider that BTC will now in a reversal trend.
Once its touch only the SUPPLY ZONE and still reverse for a downtrend, the trend will continue
Bitcoin for the pass few days break the support in 29K and now playing within this range and below our SUPPLY ZONE.
We need a break of structure and hoping that will break the supply zone in 32K to consider that BTC will now in a reversal trend.
Once its touch only the SUPPLY ZONE and still reverse for a downtrend, the trend will continue
Moving averages still act as a resistance
our QQE mode indicator still on RED bars meaning bearish momentum