CryptoSlayerFX

Bitcoin trend change prediction. A new local low?

KUCOIN:BTCUSDT   Bitcoin / Tether
Based on what I am seeing here in the one hour chart candles, I am expecting at least a short term trend change..if not a short term then we are looking at a possible break towards a new local low.

The short stubby candles and relatively long wicks on each side indicate a range war to me. Something has to give.

It is possible BTC goes up here as well. I am calling the trend change and leaning towards down because of the overall trend and because I believe we are moving through denial and into panic selling as far as market psychology is concerned.

See linked ideas for how we got to this point.


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