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t1fordhorde

BTCUSDT Short, potentially overthrow the previous swing low

Bitcoin / Tether (KUCOIN:BTCUSDT)  
t1fordhorde  
KUCOIN:BTCUSDT   Bitcoin / Tether
Trend Lines Head and Shoulders Oscillators
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trendline headandshoulders oscillator
Yesterday, we saw BTCUSDT overthrow a major inflection point at $44.4k. However, it's butting up against a heavy resistance trendline on the daily timescale and looks likely to reverse. BTC is looking to take out the previous swing low at around $32.9k. It is there that classic bullish divergence will be created for a potential long term bottom. If no bottom is found and the 29k support from May-July fails, we may have to look to buy at the previous bull market peak of 20k.
Penafian

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