This is the bearish scenario short term with BTC. I will be breaking the chart down through bullet points so that it is easy to understand.
Note: My long term bearish scenario is still in play. You can find it below.
- Pattern shows what looks to be a bearish pennant playing out.
- Critical supports still stand at 6100s and 5800s.
- Stoch RSI is showing weak slope trajectory of the rebound despite heavy drop.
- RSI is showing weak slope trajectory of the rebound despite heavy drop.
BTC Bearish Long Term Scenario:
Note: My long term bearish scenario is still in play. You can find it below.
- Pattern shows what looks to be a bearish pennant playing out.
- Critical supports still stand at 6100s and 5800s.
- Stoch RSI is showing weak slope trajectory of the rebound despite heavy drop.
- RSI is showing weak slope trajectory of the rebound despite heavy drop.
BTC Bearish Long Term Scenario:
