Looking at the chart using LOG you can see this resistance line in green has been with us for a while now. Everytime BTC -0.64% touches the line it corrects. Not trying to spread FUD but this is a scenario that could play out again. Let me know your thoughts down below!
RSI is overbought on both USDT and BTC. Potential opportunity to sell and buyback for cheaper price. Short term trade not longterm
We havent been able to break descending resistance and started forming a Head and Shoulders formation. If BTC closes below $3500 we can see it testing $3000 again. The RSI is also confirming we are heading down. Another bearish signal is the descending triangle that we are still currently in. Everything points to BTC breaking down and testing lows