BitcoinShort
BTC, in a bearish trend until, probably, $31K.
BTC has broken key support levels, and is within a clearly visible bearish trend, under the SMA 210, 70, & 14, with an under 50 RSI and a MACD bearish cross.
The next relevant support is around 30K.
There are still odds that this is a false break out, so active traders and their bots should be prepared for possible long and short positions.
There is a strong correlation with equity markets, being the main international stock indices at the border of a correction/recession.
Never, since 2008, the RSI levels in weekly and monthly charts has been so low in the main indices.
Ahead us, historical weeks of volatility.
The next relevant support is around 30K.
There are still odds that this is a false break out, so active traders and their bots should be prepared for possible long and short positions.
There is a strong correlation with equity markets, being the main international stock indices at the border of a correction/recession.
Never, since 2008, the RSI levels in weekly and monthly charts has been so low in the main indices.
Ahead us, historical weeks of volatility.
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