BTC USDT 1h - bearish outlook
Check out the support and resistance of Ichimoku cloud on 1h chart - this is why this indicator is really powerful to have on the chart.
Priority right now is downside, unless we manage to break through the cloud and trade above. Be ready for potential fake out upside.
I'm not in any trades on BTC at the moment - it seems to risky.
But I did sell a big chunk on spot - speculating that it will make a move down.
My indicators were trending downwards even before the price did - which was basically a hidden divergence, hinting on price breaking down through Ichimoku cloud.
Another thing: it's weekend again, which usually turns the price movement in opposite direction from week-days action.
On daily - we had 9 consecutive bullish candle - that's usually when bull power runs out!
Stay frosty 🧐
Priority right now is downside, unless we manage to break through the cloud and trade above. Be ready for potential fake out upside.
I'm not in any trades on BTC at the moment - it seems to risky.
But I did sell a big chunk on spot - speculating that it will make a move down.
My indicators were trending downwards even before the price did - which was basically a hidden divergence, hinting on price breaking down through Ichimoku cloud.
Another thing: it's weekend again, which usually turns the price movement in opposite direction from week-days action.
On daily - we had 9 consecutive bullish candle - that's usually when bull power runs out!
Stay frosty 🧐
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