cryptoTradingAnalytics

BTC/USDT bearish

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
- The price reached 50k$ as predicted but could not stay at this level.
- Support trend line broken.
- There is a RSI divergence.
- Low volume
- Jackson Hole meeting should give us some bad news

I see a drawback till local fib 0.5 around 39800$
Comment:
We reached almost 52k, logically it should be a stop loss but I'm still thinking we are going to have a drop soon.
Comment:
And here is the so anticipated drop :)
First target should be to the 37-38k range.
Trade closed: target reached:
BTC reached 40200$

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