$BTC what the fall is going on? using common indicators —
Day:
MACD’s red bars had been positively decreasing, but STOCHRSI bent down yesterday. After a rebound from 58k, STOCHRSI too much quickly climbed up, although BTC didn’t even touch the value zone at 64k. We are rolling along the lower conjuncture (Boll DN).
EMA25 goes under EMA99, last time it happened in August’23. So we go into accumulation with long position up to the value zone.
Week:
MACD has been correcting since the end of April, but STOCHRSI is already 0, in order to fall further, it needs to push the price up without confirming volumes.
EMA-25 at 59800. It fixed below the value zone, so took shorts from 64k (if I had $). Boll DN at 55k 🤪
The glasses: volume between 59k-55k. Probably it’ll be taken with several attempts.
Totally: now we’ll enter consolidation with false upward exits made on the news, BUT the fall will go on, it’ll be sharp, until volumes appear. The end of the week is likely to be low volatility.
There are no liquidations below 59k yet to fall right now.