BTC epic decline from 6k to 3.5k
Sharp counter trend rally and final sell-off. So far failure to break previous low of ~3400
Rising trendline on the RSI (or my substitute, ADP by cI8DH) with now 1,2,3,4,5 touches on the 4-hour chart of bull divergence.
BTCUSDSHORTS near all time high again and sentiment super bearish.
Order book is bullish in the 3.5k range.
= Time to close shorts bois!
Sharp counter trend rally and final sell-off. So far failure to break previous low of ~3400
Rising trendline on the RSI (or my substitute, ADP by cI8DH) with now 1,2,3,4,5 touches on the 4-hour chart of bull divergence.
BTCUSDSHORTS near all time high again and sentiment super bearish.
Order book is bullish in the 3.5k range.
= Time to close shorts bois!
Note
So I called it a little early, but this little bounce has some good room to move up! BTC is not out of the woods, but I'm enjoying the green for a change :)
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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.