Pulling out some tool not used so often in the toolbox. The Red Line or the .236 @ 22.9k is the Resistance and the area to short from.
Using a pitchfork we can see the downward slope we are in with the Orange dotted line denoting the current Lowest Low.
If you use a Composite Index Indicator, you're aware of a drop thats going to occur in the coming day(s). How far it goes is yet to know, though i have my readings.
Honestly, I had previously thought that ~15.5k was were the bottom was going to be and i am keeping an eye on that level.
As it's technically still in play as many other have had that assumption too, though I have my suspicions.
Keep your wits about you, and check the weather, CryptoWhether.
Using a pitchfork we can see the downward slope we are in with the Orange dotted line denoting the current Lowest Low.
If you use a Composite Index Indicator, you're aware of a drop thats going to occur in the coming day(s). How far it goes is yet to know, though i have my readings.
Honestly, I had previously thought that ~15.5k was were the bottom was going to be and i am keeping an eye on that level.
As it's technically still in play as many other have had that assumption too, though I have my suspicions.
Keep your wits about you, and check the weather, CryptoWhether.
Note
FOR THE SAKE OF SIMPlicityNote
UPDATE
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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.