Short

BTC getting ready for downside in the short term

Updated

Very easy setup with BTC today, with 3 strikes of bear divergence in progress in curve with adx turning flat next we should see a test to the ema 50 in 4 hour chart and potential break, the range is very small I am looking for the trigger for the next big move in daily chart and this looks like it could be it.

Note

With the last leg up we have invalidation of the setup, personally I will still add to my short maybe in the next 24 hours if I see the price in sideways not breaking very hard to the upside, the reason is that BTC has been above the 0 line in curve since December 31 and is only now getting to this level, if this was a real breakout It would have gotten here much faster. Target is still 16.8k for the correction, if you are bullish BTC must hold that area and then have the impulsive break up.

KraIord

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