BTCUSDT Bitcoin put a massive Bearish Engulfing Candle yesterday, with high volume, which is very bearish, and now I’m expecting it to continue to decline.
It also tends to follow the US Indices, which are heading lower.
My target is about 70k, maybe even lower.
Good luck to you
Trade active
It seems like it might have one last micro pump before resuming to the downside. Note
The weekly candle is going to close with a huge wick at the top, which is very bearish, and with increasing volume. The RSI is still far from oversold. All good if you went short.Trade closed manually
Closing with great profit around 76k on Bitcoin ahhhh. And yes, I think it can drop further, but it is not dropping as I expected.
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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.