#BTCUSDT I've shared this idea a few months back but since it's on 1M time frame it could take a while to play out or it might not play out at all.
Inverted cup and candle generally denotes a bearish continuation, please bear in mind it's 1M time frame. Also HNS forming on 1D, 3D and 1W (eyes on weekly close), also correlated #SPX showing weakness might suggest correction.
Considering the geopolitical turmoil, risk assets probably see some major downside but I'm not an economist nor a geopolitical person.
I trade based on probability
#DYOR #NFA
Inverted cup and candle generally denotes a bearish continuation, please bear in mind it's 1M time frame. Also HNS forming on 1D, 3D and 1W (eyes on weekly close), also correlated #SPX showing weakness might suggest correction.
Considering the geopolitical turmoil, risk assets probably see some major downside but I'm not an economist nor a geopolitical person.
I trade based on probability
#DYOR #NFA
