Bitcoin / TetherUSShort
BTCUSDT Breaking Support - SWING Opportunity
Updated
Salam.
BTC seems to be breaking down to the bottom of the relevant wedge pattern; could be a short opportunity.
We failed to break through wedge trend line, which led to the following:
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Bottom looks like $5900.
Peace,
DISCLAIMER:
MY IDEAS ARE JUST OPINIONS, NOT FINANCIAL ADVICE. I LIKE CHARTS, THIS IS JUST FOR FUN...
BTC seems to be breaking down to the bottom of the relevant wedge pattern; could be a short opportunity.
We failed to break through wedge trend line, which led to the following:
- Negatively broke out of upward sloping channel.
- Broke 21 EMA, currently testing 50 MA.
- Broke significant .618 fib level.
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- MACD cross shows heavy bearish divergence.
- RSI can bounce around oversold for some time, look to the past for ideas.
Bottom looks like $5900.
Peace,
DISCLAIMER:
MY IDEAS ARE JUST OPINIONS, NOT FINANCIAL ADVICE. I LIKE CHARTS, THIS IS JUST FOR FUN...
Note
Still got some room to go.
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