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CryptoWhether
Jan 16, 2023 1:57 AM

Bitcoin Eye Cand-y Short

BTCUSDT Perpetual ContractBybit

Description

Pulling out some tool not used so often in the toolbox. The Red Line or the .236 @ 22.9k is the Resistance and the area to short from.

Using a pitchfork we can see the downward slope we are in with the Orange dotted line denoting the current Lowest Low.

If you use a Composite Index Indicator, you're aware of a drop thats going to occur in the coming day(s). How far it goes is yet to know, though i have my readings.

Honestly, I had previously thought that ~15.5k was were the bottom was going to be and i am keeping an eye on that level.
As it's technically still in play as many other have had that assumption too, though I have my suspicions.

Keep your wits about you, and check the weather, CryptoWhether.

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FOR THE SAKE OF SIMPlicity

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