BTC currently trading at USDT 40,500. If we look at one day candle chart it is perfectly posed to Head and Shoulder downwards trend.
Be careful as Short is not out of charts yet. This short might continue up to or beyond USDT 19,000 level.
Sometime you need a different perspective from looking at the same chart all the time. Inverted it and took a fresh look. I am now bearish 1-BTCUSD, bullish BTCUSD.
The daily's looking nasty here. $390 has been rejected on U.S. exchanges which has negated the possibility that enough momentum exists to push to and beyond $400. Looking to add on a break of 2520 cny1.05% as well as support denoted by the thick orange line.
Pseudo Analytical Indicators: New moon and Chinese New Years converge tomorrow, the 8th.
