BTC you SHORT beast, sub 23,000k incoming.
Nice, short and concise.
8 Weeks of bearish sentiment, now one thing to consider is a td 9 count will complete at the end of the week. So, factoring in TD Sequential, it'll be important to watch for a 4 count correction to the reverse, or whether it continues bearish sentiment and goes on to complete a 13 count to the downside. However, I play particular attention to a rejection of not only the 0.618 resistance level in this chart, but also how it co-occurs with a rejection of a MA cross-over right on the fib retracement at 0.618 level, which led into heavy downwards pressure.
Moving averages, MACD, MFI indicate mid term bearish continuation. As what we expect from crypto trading such as whales dumping, exchanges going into server overload mode and tether printing, ANYTHING CAN HAPPEN. But the charts have spoke thus far, and it is irrefutable despite bias, the technicals and data of btc and the picture being painted does not in the slightest suggest a worthwhile long entry, unless swing trading, and in the the hope we go back up to test new resistance, and just get slammed backed down.
Also, just to conclude on and close on a litte challenge. Open a btc/usdt chart, change to weekly/monthly. TA Done.
Low lev, low contract for Future traders
8 Weeks of bearish sentiment, now one thing to consider is a td 9 count will complete at the end of the week. So, factoring in TD Sequential, it'll be important to watch for a 4 count correction to the reverse, or whether it continues bearish sentiment and goes on to complete a 13 count to the downside. However, I play particular attention to a rejection of not only the 0.618 resistance level in this chart, but also how it co-occurs with a rejection of a MA cross-over right on the fib retracement at 0.618 level, which led into heavy downwards pressure.
Moving averages, MACD, MFI indicate mid term bearish continuation. As what we expect from crypto trading such as whales dumping, exchanges going into server overload mode and tether printing, ANYTHING CAN HAPPEN. But the charts have spoke thus far, and it is irrefutable despite bias, the technicals and data of btc and the picture being painted does not in the slightest suggest a worthwhile long entry, unless swing trading, and in the the hope we go back up to test new resistance, and just get slammed backed down.
Also, just to conclude on and close on a litte challenge. Open a btc/usdt chart, change to weekly/monthly. TA Done.
Low lev, low contract for Future traders
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Target 1: $27,127
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Topped out for now?
Death cross?
Death cross?