Btc short on multiple indicators.
We have not long ago saw a bad weekly close, below the red moving average. I suspect this may be quite substantial as last time it done it was sub 10k. On the hourly here we see a ‘death cross’ of the moving averages, we also see a red 2 trading below which is a time based entry signal. The daily candle is bearish. I’m looking to set a stop loss, initially above the high of the previous 4h close, and if the trade goes in our favour looking to at least break even so adjusting to that point when price moves sufficiently. Target, 34k for me but I like to aim big. Looks a good entry to me. Good luck.
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