Sidd2416
Short

Bitcoin USD pair is likely to go down further

BINANCE:BTCUSDT   Bitcoin / TetherUS
Based on the daily charts , when looking and the MACD , and Parabolic SAR , there are many bearish signals indicating that the price action and momentum is downwards, and Bitcoin is likely to fall even more in price.

When looking at the MACD , the short term moving average has crossed and is going under the long term moving average. This is indicating that there is a high probability that Bitcoin is going to fall further in price. I personally am going to wait for another bullish signal before buying back again. Not only is this signal bearish , but the Parabolic SAR is indicating that there is downwards momentum in price action, meaning that the chances that the price is going to fall further are more than 50%.
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