Shafay

Bears strengthening for D-Day

Short
BITFINEX:BTCUSD   Bitcoin
Watch your positions traders as Bitcoin nears the decision points. All indicators giving high bearish signals.

On 20-23 Oct Bitcoin is likely to face strong selling pressure at $6000. If survived we can see trend reversal or sideways. However chances of this are very low

On same days RSI and MACD are likely to make lower highs against the current resistance and is currently not likely able to break it because of constant declining volume or maybe because of a lot of extra space for them to slide below

I would be sitting in my TUSD, or USDT and watch for price movements.

This is just an idea. ;)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.