Price has been trending down for the past week, broke support at ema 55.
Short until 8850, then it might bounce back up.
Bearish divergence on stoch rsi that I missed earlier because I'm bad at trading.
Komen:
I am switching to XBTUSD since most of my calls are Short / Long and most traders will be using bitmex to do this.
The start of a price movement has the least investors buying in while the peak of a price movement has the most buying in. I encourage you to find your own price movements before ideas are posted. I am not that good of a trader and this is just a hobby for me. You should seek to validate my ideas yourself before buying in.
BTC bounced off 8870 a previous support at a dip but has failed to rally above the trend line.
Bigger picture:
In my opinion it will fall back to 8860 and if it doesn't find support once again should confirm that it will fall to 8500.
Komen:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
The start of a price movement has the least investors buying in while the peak of a price movement has the most buying in. I encourage you to find your own price movements before ideas are posted. I am not that good of a trader and this is just a hobby for me. You should seek to validate my ideas yourself before buying in.
BTC bounced off 8870 a previous support at a dip but has failed to rally above the trend line.
Bigger picture:
In my opinion it will fall back to 8860 and if it doesn't find support once again should confirm that it will fall to 8500.