AssetMasteryandInvesting

Easy to read version 'its over for bulls'

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Just made an easy to see version of what i see playing over for the next few days.

I will work on cleaning up the indicator posts - they change size when posting so it shrinks together and mess's up the layout.

Asset Mastery
Comment:
Okay SO why DOWNWARD?

21800 was a vital area for bulls to regain, being it a downward resistance line which if it holds resistance price will fail and fall.

Price also failed to breach 25k and close so we know the overall bullish move is also rejected hence why a lower low is coming.

Now time wise, 12th Sept is CME ETH derivates launch date (bearish) usually a dump event. AND Sept is historically a very bad month for all markets especially btc (normally double digit red).
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.