BTCUSD short 8k, or downtrend reversal. (probably short :) )
Symetrical Triangle that broke bearish ,
Price is testing the apex resistance of the triangle, creating a rising wedge which is also bearish . Volume has been decreasing, be ready for a drop.
MACD is crossing down its signal line in multiple timeframes.
STOCH RSI 4hr is overbought
Order Books show a lot of buyers waiting at 8-9k. Follow the money !!
If it doesnt drop, and breaks up, it could mean the end of downtrend. Daily RSI shows room for uptrend.
*Disclaimer*
I am very green at this so I welcome all feedback
Price is testing the apex resistance of the triangle, creating a rising wedge which is also bearish . Volume has been decreasing, be ready for a drop.
MACD is crossing down its signal line in multiple timeframes.
STOCH RSI 4hr is overbought
Order Books show a lot of buyers waiting at 8-9k. Follow the money !!
If it doesnt drop, and breaks up, it could mean the end of downtrend. Daily RSI shows room for uptrend.
*Disclaimer*
I am very green at this so I welcome all feedback
Dropping as predicted :)