BitcoinShort
BTC in Trouble?
Miracles can always occur and there is certainly more profit to be made on upward price action but if BTC is going to see a continuation if it ever needed a miracle it's now.
Price is not always driven by the technicals but its the only real tool one has to use in attempting to forcast future price potential.
Currently the technicals are far from in the favor of a continuation and have several things an honest anlayist can not ignore.
This a 4 hour chart and price is current retesting the bottom side of the 200 period EMA, at the outer edge of the current trend line, with wave trend bearish divergence, and with price action begining to round over in the golden pocket.
A rejection is never a certain thing but the technicals say what they say and if they are correct more downside is likely to follow.
Trade Well....
Price is not always driven by the technicals but its the only real tool one has to use in attempting to forcast future price potential.
Currently the technicals are far from in the favor of a continuation and have several things an honest anlayist can not ignore.
This a 4 hour chart and price is current retesting the bottom side of the 200 period EMA, at the outer edge of the current trend line, with wave trend bearish divergence, and with price action begining to round over in the golden pocket.
A rejection is never a certain thing but the technicals say what they say and if they are correct more downside is likely to follow.
Trade Well....
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