BTC USDT 1W Short
hello everyone.
Due to the following reasons, I predict a downtrend of Bitcoin in the Weekly time frame :
1- as you see from now 2022 until aug 2024 , price and volume trend is opposite.
2- Mfi has moved below the 50 line.
3- in large channel we can see that price can move down at least to midline ( about 54000) and in the other zones ( 48 , 42 , 32 )
4- in small channel we can see that the price easily can move down to about 48.
As you know the market has no definite trend but in my idea , probability of a downtrend is greater than the probability of an the probability of an uptrend.
Due to the following reasons, I predict a downtrend of Bitcoin in the Weekly time frame :
1- as you see from now 2022 until aug 2024 , price and volume trend is opposite.
2- Mfi has moved below the 50 line.
3- in large channel we can see that price can move down at least to midline ( about 54000) and in the other zones ( 48 , 42 , 32 )
4- in small channel we can see that the price easily can move down to about 48.
As you know the market has no definite trend but in my idea , probability of a downtrend is greater than the probability of an the probability of an uptrend.
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