Get started
BitmexDegen

BTC - no signs of a bottom

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
BitmexDegen Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators BTC prediction
4
0
trendanalysis chartpattern indicator btc prediction
snapshot

Anemic price action after breakdown from >100 days of top consolidation.

No signs of reversal or even a bottom on Better SCMR (compare 3k bottom price action).

Price would need to climb above distribution order block (rectangle overhead) to continue uptrend. Very unlikely to happen anytime soon. More downside to come.
Comment:
Price action according to plan. Rejected by overhead order block and pushed under 8k again. Could see some sweeps here to liquidate late bottom shorters (quite a few of those opened).

Position open looking for partial TP once we break local lows.
Trade active
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.