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AtomicStag2000
Jul 30, 2021 5:41 PM

BTC USDT 1h - bearish outlook  Short

Bitcoin / TetherUSBinance

Description

Check out the support and resistance of Ichimoku cloud on 1h chart - this is why this indicator is really powerful to have on the chart.
Priority right now is downside, unless we manage to break through the cloud and trade above. Be ready for potential fake out upside.
I'm not in any trades on BTC at the moment - it seems to risky.
But I did sell a big chunk on spot - speculating that it will make a move down.

My indicators were trending downwards even before the price did - which was basically a hidden divergence, hinting on price breaking down through Ichimoku cloud.

Another thing: it's weekend again, which usually turns the price movement in opposite direction from week-days action.

On daily - we had 9 consecutive bullish candle - that's usually when bull power runs out!
Stay frosty 🧐
Comments
anoroozi3084
MA 50-
macd-
rsi-
cci-
ccu-
icu-
all andicator signal sell me
trend line+
:(
AtomicStag2000
@anoroozi3084, too bad it didn't work out in bearish signals :)
anoroozi3084
@AtomicStag2000, It was just a general view.
UnknownUnicorn21410398
Let's go, bears
anoroozi3084
@ralvarez5g, +
coinabout
BTC will touch the support of 30k this weekend. Stay safe.
UnknownUnicorn21410398
@jazibzaman Too. Btw, will we see later BTC reaching the 47000 resistance and come down again, entering a bear market?
anoroozi3084
@ralvarez5g, No, I think the climb is over and the goal is $20,000.
UnknownUnicorn21410398
and later, seing it reaching ATH
anoroozi3084
@ralvarez5g, Okay, your opinion is respectable to me, but that's my analysis.
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