BTC PERSONAL ANALYSIS IN THE SHORT TERM (UPDATED)
EMERGENCY UPDATE TO ALL BTC TRADERS AND INVESTORS
There is a huge resemblance of momentum strength in the Relative Strength Index's 1 hour time-frame, please be warned on making any decisions on longing at this point unless we have further confirmations to the upside. The following list below are the edges that confirms another breakdown to the downside:
Here are the only positive bias for a potential reversal to the upside:
There is a huge resemblance of momentum strength in the Relative Strength Index's 1 hour time-frame, please be warned on making any decisions on longing at this point unless we have further confirmations to the upside. The following list below are the edges that confirms another breakdown to the downside:
- Continuous Macro-Rejection in the 21-22k region which is now more than a triple top.
- Reverse HnS invalidated previously
- Short Squeeze Liquidation up to 20.9k followed by an immediate rejection
- 1H-1D timeframe macro-descending triangle which is known for continuation to the downside.
- Recent Negative Fundamentals is the Voyager Exchange's pause for services with regards to withdrawal, deposits and loyal rewards.
- EU news to deal with MiCa Legislation to regular Crypto Market
Here are the only positive bias for a potential reversal to the upside:
- Falling Wedge Pattern
- Continuous Re-test on the 17-18k pattern forming a potential double bottom
TIP: You can DRAG the chart above.
As you can see the edges towards the upside are very low and no positive fundamentals either,
You have been warned! If you like the immediate advice, don't forget to like, share and comment.
-Wamses
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