TheHitman
Short

BTC about to go down?

BYBIT:BTCUSD   Bitcoin / U.S. Dollar
Hi Traders

I know this wont be popular with everyone but be careful in this area and look for signs of reversals. There were a lot of rejections on this area over the years. At the moment we are building a Doji Candle and RSI is looking pretty much oversold on the daily timeframe right now.

First target will be that 7200 area but I would really not recommend to buy there if you want to stack up your BTC positions.
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Comments

The problem with crypto is that they think it's against the law to be bearish even when its clearly still bearish haha
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TheHitman Darkside999
@Darkside999,Haha yeah thats true. Its because people are very emotional about this asset. I do understand its idealistic value and hope it will succeed. But this post is about Trading and not long term investment for the next ten years. So I hope people might see it as an idea to consider and not blasphemy :D
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