The BTC short I wrote about yesterday is playing out exactly as predicted :) Based off the sell signal from my Whales Buy-Sell indicator and the MFI Pro, we accurately predicted that BTC would fall to at least the $57,853 support level which it broke and went to our next support of $54,180. Currently BTC is holding that support but if the 8hr candle closes below $54,180 then I can definitely see us going to $50,918. I can see at least 1 more day of downside (based off of the MFI Pro taking time to break below 30) before we consolidate for a couple days and try for another leg up.
If you have any questions about the indicators used, my technical analysis, or want to buy the Whales Buy-Sell indicator, please PM me :)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.