Hi Guys! I can guess with some certainty, the downtrend is a winner and the price is moving to test the nearest support @6200. After failing again this week, we have to wonder if we'll see a repeat of bearish price action. This morning marked the fourth day of flat trading after we approached a key price resistance level. And given the new short-term low, technical analysis would suggest the sellers are clearly in control.
TF: 4H
The RSI < 50
The MACD dropped through the centerline.
I don't short BTC, so I cannot recommend the entry point and PT.
GL Traders.
TF: 4H
The RSI < 50
The MACD dropped through the centerline.
I don't short BTC, so I cannot recommend the entry point and PT.
GL Traders.
