Bitcoin / TetherUSShort
BTC
Following is the downward trend of BTC in one channel and below the midline of the channel forms a W pattern which does not have much chance to complete this pattern and go back up
Because it has shown strong resistance to EMA 20 and is more likely to fall to the bottom of the channel.
If on the bottom of the channel that price range is 54,200 , It can have further decline up to the price range of 52,200.
Even if there is a climb, it is a good exit opportunity for people who they bought at high prices in the hope of higher prices.
Weekly and monthly BTC chart shows hidden divergence in MACD and RSI indicators
BINANCE:BTCUSDT Which reinforces our downward scenario.
Because it has shown strong resistance to EMA 20 and is more likely to fall to the bottom of the channel.
If on the bottom of the channel that price range is 54,200 , It can have further decline up to the price range of 52,200.
Even if there is a climb, it is a good exit opportunity for people who they bought at high prices in the hope of higher prices.
Weekly and monthly BTC chart shows hidden divergence in MACD and RSI indicators
BINANCE:BTCUSDT Which reinforces our downward scenario.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.