Bitcoin / TetherUSShort
BTCUSDT. Hourly chart suggest top.
dear fellow traders,
the hourly chart suggest a top at the WMA200 at 23300.
the daily chart is in the middle of a congestion zone well represented by the ichimoku cloud.
we believe given the current geopolitical moment in east asia, we might see a test to the bottom of that cloud potentially in the region 21k5, 20k5 in the next few days.
this idea is supported by our previous one, which points out for down pressure on the BTC price given the reduction in the market cap of the main stablecoins.
best regards.
the hourly chart suggest a top at the WMA200 at 23300.
the daily chart is in the middle of a congestion zone well represented by the ichimoku cloud.
we believe given the current geopolitical moment in east asia, we might see a test to the bottom of that cloud potentially in the region 21k5, 20k5 in the next few days.
this idea is supported by our previous one, which points out for down pressure on the BTC price given the reduction in the market cap of the main stablecoins.
best regards.
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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.