Hi all, This is my 3rd post and I'd love to share a very simple idea with you. No excessive indicators, just simple SR and factual information. On the 4hr #BTC we can observe a peak to about 69,500 USD with the RSI gradually moving lower (sorry, Im using the free version and do not have the ability to show more than 3 indicators). Eventually, a steep drop...
Beautiful triangle being formed with Higher Lows and Lower Highs. Chart is self explanatory. Daily timeframe is used, meaning it might take some days to start accumulating momentum. IMO the token unlock is priced in, as major support at ~5 USD was retested in a single day candle. Let's see how that goes. *This is not an investment advice, just my personal...
Reasonable Saturday trade. Stop loss at 10520
We broke the trendline and tried to enter above it again, however it seems like it failed. I believe we might tap 10800-10850 before further drop. In addition sentiment is shifting, fear and greed trying to fall under support. It's bearish for me in the short-term