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.
Short until 8850, then it might bounce back up.
Bearish divergence on stoch rsi that I missed earlier because I'm bad at trading.
Komentarz:
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.