BTC/USDT 1D chart currently still showing us continued bearish momentum, although the MACD is pointing to a weakening bearish trend, Stochastic is oversold and needs some sort of a bounce higher to cool off.
I am looking for a new trendline to form here for us to follow, just an idea at this point. Support zone and 200MA really needs to hold here.
If we break 200MA daily, open and close a candle below it, and have a bearish retest of it, I will be looking to short BTC for the short term. I will post ideas if that plays out.
I am looking for a new trendline to form here for us to follow, just an idea at this point. Support zone and 200MA really needs to hold here.
If we break 200MA daily, open and close a candle below it, and have a bearish retest of it, I will be looking to short BTC for the short term. I will post ideas if that plays out.