This is a BTC shorting opportunity with target at 6700/6800.
Reasons that I follow:
1) 3M macd negative crossover and stochastic negative crossover heading is pointing towards a large range sideways move.
2) 1M macd negative is below signal line and below xero line. Stochastics in oversold zone.
3) 1w macd in negative territory does not reap any bullish signs of buying sentiment.
4) prices is below all averages on D,w.
5) many FUD news on the block.
Reasons that I follow:
1) 3M macd negative crossover and stochastic negative crossover heading is pointing towards a large range sideways move.
2) 1M macd negative is below signal line and below xero line. Stochastics in oversold zone.
3) 1w macd in negative territory does not reap any bullish signs of buying sentiment.
4) prices is below all averages on D,w.
5) many FUD news on the block.
