BITCOIN RETEST - FALL on the DAILY
Hey Guys, hope everyone has been great.
For the next few days, we will most likely see BTC take a nice drop to the fallen structure.
When it gets to the support zone, ITS JUDGEMENT DAY. SO we will see what happens from there, but this is a perfect setup for a short, as of now for traders.
Justification:
-Break of market upward structure
-Retest happened and proved to fail past resistance
-RSI Slowly becoming to overbought region
-MACD Indicates decreasing buyer volume = sellers in charge
P.S
Everybody look after yourself and your families :) Take care.
For the next few days, we will most likely see BTC take a nice drop to the fallen structure.
When it gets to the support zone, ITS JUDGEMENT DAY. SO we will see what happens from there, but this is a perfect setup for a short, as of now for traders.
Justification:
-Break of market upward structure
-Retest happened and proved to fail past resistance
-RSI Slowly becoming to overbought region
-MACD Indicates decreasing buyer volume = sellers in charge
P.S
Everybody look after yourself and your families :) Take care.
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