BTCUSD short 8k, or downtrend reversal. (probably short :) )

Symetrical Triangle that broke bearish ,

Price is testing the apex resistance of the triangle, creating a rising wedge which is also bearish . Volume has been decreasing, be ready for a drop.
MACD is crossing down its signal line in multiple timeframes.
STOCH RSI 4hr is overbought

Order Books show a lot of buyers waiting at 8-9k. Follow the money !!

If it doesnt drop, and breaks up, it could mean the end of downtrend. Daily RSI shows room for uptrend.


*Disclaimer*

I am very green at this so I welcome all feedback

ความคิดเห็น:

Dropping as predicted :)