Chivashon
Short

$BTC $BTC.X $BTCUSDT - Bitcoin in Flames! 1 Day Binance Chrt

BINANCE:BTCUSDT   Bitcoin / Tether
I am sure many people are crying especially if you bought in the hype. I bought after the hype but im still down close to 50% of my initial investment. Now that i have learned more about charts, I should have waited before ever entering this market. Right now I do not see any uptrend coming anytime soon. MACD is still low, no signs of any reversal in sight. RSI is still going lower and almost at the bottom. If we see any reversal here it will be, hopefully, around that mark. We have bottomed out past the lowest fib level of resistance from the last peak. Next line of Resistance is all the way down near 8k. I feel we may get very close to that mark before we see any possible gains, though i don't think those gains will be great. We are riding the lower Bollinger line which is another sign of a heavy bearish market. Hold onto your short everyone and enjoy the ride.
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