Bitcoin Corrects Lower, Will 37,000 Be Tested?

Weekly Time-frame

About to close now the weekly candle. We can expect a beginning of the dump. Strong resistance in $41,934.Awesome Oscillator (AO) might continue the trend to the downside.

1D Time-frame

1D TF is now correcting next support waiting $40,856, $40,019, $38,001. We are still bullish if the support holds. Will see what the market will do today.

4H Time-frame

We are still in correction area, we will see if the AO prints a Green Volume or print a drop volume of red. Then we can know where it is going. We have been expecting a drop and it seems its gonna happen today.

1H Time-frame

We are in the last support of Ichimoku Cloud we drop already but we are able to enter the cloud again. We will see if we can bounce or dropping soon.

We will discuss more on the possibility on our Live. Stay tune and check with us!

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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.