BitcoinShort
BTC looking extremely Bearish
BTCUSD pair has maintained a strong showing above the purple (610) and white (987) EMA lines since October 8, 2020 on the 1hr chart. Recently Purple has been breached and White being tested and retested. Price action is also on the lower side of the Triangle. If white line doesn't hold, BTC will most def head lower and I wouldn't buy in until it comes back above the white line again or unless there's a bounce off the white line breaking the topside of the triangle (approximately $36000, that's what most people are saying also, I agree with that assessment).
Also MFI showing descending mountains, OBV showing down and ADX showing bearish peaks.
I'm going to open shorts and hope I don't get screwed. Let's see what happens!
Also MFI showing descending mountains, OBV showing down and ADX showing bearish peaks.
I'm going to open shorts and hope I don't get screwed. Let's see what happens!
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