Mortdecai

BTC Potential Downtrend Following Linear Regression

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC is following a tight squeeze on the 1h chart inside linear regression, signalling a potential steady and continuous down trend towards ~30,000 SUD price mark.

Swings are possible.

Shorts should wait for confirmation
Longs should wait for confirmation

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.