BTCUSD outlook.

MONTHLY, looks like we are downtrending. Bouncing off our zone looking to be magnitized to our monthly demand zone. (bearish). On our WEEKLY we have a confirmation candle establishing a supply zone on our mothly trend line. Now looking for a retracment opportunity. Dropped to our DAILY we see Selling pressure coming in strong. On our 4HR we have a nice DIVERGENCE confirming our change in direction from being Bullish. Now looking for SELL opportunities we see a fresh Supply zone that would also be a nice Fibb Retracement before falling down. On our 1HR we will be Neutral untill price comes to us. If your an aggressive trader you can go long. Conservative traders will wait for the Next SELL opportunity.
Trend Analysis

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