BitcoinShort
BTC to 30k at least
Log scale, indicators used are Bollinger bands, VFI, EMA ribbon,PMI(Purchasing Managers Index) and RSI.
On multiple timeframes, the price action is at significant resistance; the dynamic local trendline, or wedge support, has been broken; and the RSI is acting in a manner that is very similar to its past significant pivot points.
For those who don't know, PMI indicates whether the US manufacturing economy is growing or contracting (50> 50<).It was 65 in March 2021, in the month of November 2021, it was 60 . Right now, it is at 48.5.
On multiple timeframes, the price action is at significant resistance; the dynamic local trendline, or wedge support, has been broken; and the RSI is acting in a manner that is very similar to its past significant pivot points.
For those who don't know, PMI indicates whether the US manufacturing economy is growing or contracting (50> 50<).It was 65 in March 2021, in the month of November 2021, it was 60 . Right now, it is at 48.5.
Note
USDT.D is about to leave the cloud on the 1W
Also Stoch RSI on TOTAL
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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.
Disclaimer
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.