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BTC Parabola Trend Breakdown
Currently, I am in favour of the bears and here are my reasons.
The daily parabola trend has confirmed breakdown.
We have a breakdown retest here on the 4 hour and daily, with broadening wedge downtrend resistance.
Additionally, there Is a hidden bear div on the 4 hour. With only a 50% bounce retrace.
In the favour of the bulls, yesterdays daily candle was really strong and showed us a bullish engulfing.
The daily parabola trend has confirmed breakdown.
We have a breakdown retest here on the 4 hour and daily, with broadening wedge downtrend resistance.
Additionally, there Is a hidden bear div on the 4 hour. With only a 50% bounce retrace.
In the favour of the bulls, yesterdays daily candle was really strong and showed us a bullish engulfing.
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