Bitcoin / TetherUSShort
BTC shortterm downtrend bearish
I think this one is going down a bit.
This might seem to be bull flag forming but there are cople things that are pointing to another price action.
Declining triangle formed nicely, but golden line previously forming a support line is acting now as resistance, which got rejected not once but twice.
THEN We are getting critically close to death cross. Once it will be confirmed, things can get ugly pretty fast.
I feel like bull are losing heat. Im waiting for retrace to 28k atleast. Another possible scenario, bull will fake deathcross and we gonna see a breakout out of a bullflag.
This might seem to be bull flag forming but there are cople things that are pointing to another price action.
Declining triangle formed nicely, but golden line previously forming a support line is acting now as resistance, which got rejected not once but twice.
THEN We are getting critically close to death cross. Once it will be confirmed, things can get ugly pretty fast.
I feel like bull are losing heat. Im waiting for retrace to 28k atleast. Another possible scenario, bull will fake deathcross and we gonna see a breakout out of a bullflag.
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