Uncle_Rich

There is a strong possibility BTC prices could fall

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
15-minute Trend
MA5 is moving downward and has crossed MA10;
MA30 is flat;
Bollinger Bands are narrowing and moving upward;
KDJ is moving downward;

Day Trend
MA5 is moving downward and has crossed MA10 and MA30;
Bollinger Bands are narrowing;
MACD runs above the zero axis;

Market Data
The long-short ratio of BTC contract is 78:100, with the shorts taking advantage;
Fear & Greed Index is at 22, indicating extreme panic;
Eight out of the top ten addresses have inflows and two of them have outflows;

Analysis
There is a strong possibility BTC prices could fall;
Therefore, it is recommended you sell short at higher prices now;
Sell short when the price climbs back to 47500 - 48200 USDT;
The target price is around 42,000 - 45,500 USDT.
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.