fangdingjun

fangdingjun

BTCUSD now is under weekly resistance a. the uptrend trendline formed from 2015 b. the downtrend trendline formed from 2018 c. the history weekly horizontal resistance around 11600 it's not good idea long from here, we should wait the clear resistance breakout and long it on pullback. the trend reversal down from here is possible.

fangdingjun

12 March, the market break the long term trendline which formed from 2015 now the market restest the trendline, will enter the long term bear market if failed

fangdingjun

In 1hr timeframe, price broke down EMA576 and EMA676, EMA144 and EMA169 point lower, this confirmed downtrend. wait for bouning to 9500 area, then short it. Disclaimer: This is not investment advice.

fangdingjun

rising flag, may be break down