CryptoNTez

$BTC, Current movement looks like a new LH searching for EMA50

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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$BTC

Current movement looks like a new LH searching for EMA50 as target & following the descending pattern that we have been tracking since August 6th (Purple trendline )

Unless it breaks above 10.8K w/ volume , this still looks bearish to me
UCTS is red on almost every TF
#BTC
Comment: update on $BTC

What looked like a LH was finally a LH and it quickly retraced back to test Symmetrical triangle lower trendline (yellow line)

This keeps looking bearish to me and with each retest of 10K range, support is thiner..


#BTC
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