Bearish dynamic pressure

20 Oca 2022

Morning guys,

Well, market shows anemic action, upside butterfly on 1H chart from our last report has been cancelled. Today we have "222" Buy on 1H chart, but it doesn't matter, actually. The one thing that we would like to show is the daily picture, and the price action that we do not like and that might become the first sign of downside breakout.

It calls "bearish dynamic pressure'. The red line on the chart is MACD derivative indicator. When price stands above it - MACD shows bullish trend and vice versa. So, now trend stands bullish, but price action is not, it shows downside continuation. Very often it leads to downside breakout, whether it will be short-term spike or real downside continuation.

THere some other moments exist on the intraday charts, why we do not consider yet the buying of BTC, but daily pressure is the one that should be watching first.