CHECK OUT BTC 14/05, TODAY'S MAIN MOVE IS TO WAIT FOR A SHORT. The view and actions from yesterday, 13/05, from the cryptozoom365 team were to short, so what do we have today, 14/05?
Regarding Technical Analysis:
- The 1D chart shows that the price is in a corrective phase with 3 red candlesticks before it and significant volume, having just hit support at the EMA 20 on the daily chart. The RSI, while no longer in the overbought zone, is still in neutral territory and trending downwards, indicating that the bearish momentum may continue.
- The 4H chart shows that the price is still in a downtrend, with a small bounce last night around 78K8, but this bounce is insignificant, and the bears are showing signs of wanting to reassert control. This area is a battleground between buyers and sellers, with no clear trend winning out in this timeframe.
- The 1H chart indicates that since yesterday afternoon, the predominant trend has been downwards, with a minor bounce last night but still not significant. Although the downtrend has been momentarily halted, the buying pressure remains weak.
Regarding Leverage Data:
- The market yesterday was well-fed, stable, and there’s no rush to hunt anymore. At this stage, bears can take it slow and lure in more bait. There's a high chance that this area won't get swept, and the candlesticks will move steadily, giving us more confidence in entering trades.
- Yesterday, the LONG positions were heavily swept, and many bait targets were significantly hunted.
- The heatmap shows: the 78K zone and the 80K4 zone are two price levels that could draw attention.
In summary of the current data.
I have 2 scenarios: Follow t.e.l.e: #Cryptozoom365 #CreatorpadVN
Regarding Technical Analysis:
- The 1D chart shows that the price is in a corrective phase with 3 red candlesticks before it and significant volume, having just hit support at the EMA 20 on the daily chart. The RSI, while no longer in the overbought zone, is still in neutral territory and trending downwards, indicating that the bearish momentum may continue.
- The 4H chart shows that the price is still in a downtrend, with a small bounce last night around 78K8, but this bounce is insignificant, and the bears are showing signs of wanting to reassert control. This area is a battleground between buyers and sellers, with no clear trend winning out in this timeframe.
- The 1H chart indicates that since yesterday afternoon, the predominant trend has been downwards, with a minor bounce last night but still not significant. Although the downtrend has been momentarily halted, the buying pressure remains weak.
Regarding Leverage Data:
- The market yesterday was well-fed, stable, and there’s no rush to hunt anymore. At this stage, bears can take it slow and lure in more bait. There's a high chance that this area won't get swept, and the candlesticks will move steadily, giving us more confidence in entering trades.
- Yesterday, the LONG positions were heavily swept, and many bait targets were significantly hunted.
- The heatmap shows: the 78K zone and the 80K4 zone are two price levels that could draw attention.
In summary of the current data.
I have 2 scenarios: Follow t.e.l.e: #Cryptozoom365 #CreatorpadVN