BINANCE:BTCUSDT   Bitcoin / TetherUS
As you can see in the chart, the first up trend took 8 candles to move up about 7.5%. The second up trend took 12 candles to move up about 3.9%. On the other hand, the first down trend took 53 candles to move down about 2.3% and the second down trend took 30 candles to move down about 2.2%. Therefore, it's obvious that the up trend is weakening and in contrast, the down trend is getting more intense. Also the price is trapped in a falling yellow wedge which forms ABCDE pattern for us. In the MACD, you can see a stair divergence. In conclusion, In the short term, my idea is bearish.
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.