ZenitCrypto

BTC Heading Lower

Short
COINBASE:BTCUSD   Bitcoin
*** Disclaimer - I'm relatively new to TA ***

I've been seeing a head and shoulder play out. On top of this, there's an ascending wedge playing out within that formation. Stochastics showing a bearish cross. There's also a lot of bearish divergence in the RSI. I think we're going to hit support around the $20,000 psychological level before we bounce back up. This could be a good opportunity to short. What do you guys think?

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