Potential #BTC short to $7.2k, possibly $7k.
This is a bit of a struggle.
Bitmex buy orders looking strong down to 7k, but many may be fake as the strongest orders come in at exactly every $50.
If a sudden selling spree (another bart pattern?) were to happen, I'm fairly certain the order book would clear as it starts allowing a drop to fall hard.
Check here: tensorcharts.com/
Possible H&S pattern right now on the 4H, volume decreasing.
I don't see any bullish signs aside from being above the cloud on the 4H so risk aversion might be strong with weak bulls right now.
Bitmex buy orders looking strong down to 7k, but many may be fake as the strongest orders come in at exactly every $50.
If a sudden selling spree (another bart pattern?) were to happen, I'm fairly certain the order book would clear as it starts allowing a drop to fall hard.
Check here: tensorcharts.com/
Possible H&S pattern right now on the 4H, volume decreasing.
I don't see any bullish signs aside from being above the cloud on the 4H so risk aversion might be strong with weak bulls right now.
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