BTCUSD WEEKLY & DAILY - SHORT
Everyone has seen the daily triangle and is predicting a break out up or down. You don't have to be a scientist rocket for this.
You also don't have to be a scientist rocket for the next part.
I think BTCUSD is more likely to break down and find support around $9200 or fib retracement Level 0.382. Here's why.
1. Weekly MACD crossed over bearish
2. RSI & CCI both pointing down
3. Volume decreasing
4. Of the two Triangles Shown, the first triangle used the weekly EMA10 for Support. The Second Triangle is struggling to stay above it.
Of course price can reverse and break up but I see a bearish sentiment.
Also consider the weird times, Trump, the US elections, and COVID. Now is the time to potentially cash out of some assets and go to cash to look for cheaper buy opportunities.
You also don't have to be a scientist rocket for the next part.
I think BTCUSD is more likely to break down and find support around $9200 or fib retracement Level 0.382. Here's why.
1. Weekly MACD crossed over bearish
2. RSI & CCI both pointing down
3. Volume decreasing
4. Of the two Triangles Shown, the first triangle used the weekly EMA10 for Support. The Second Triangle is struggling to stay above it.
Of course price can reverse and break up but I see a bearish sentiment.
Also consider the weird times, Trump, the US elections, and COVID. Now is the time to potentially cash out of some assets and go to cash to look for cheaper buy opportunities.
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