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CryptoEstratega

BITCOIN: Small short on the consolidation

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
CryptoEstratega  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Bitcoin (Cryptocurrency) bitcoinforecast bitcoinprice bitcoinusd bitcointrading bitcoindollar bitcoinanalysis
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trendanalysis chartpattern bitcoin bitcoinforecast bitcoinprice bitcoinusd bitcointrading bitcoindollar bitcoinanalysis
BTCUSDT has been on a downtrend on the daily for a while now.
We broke down below the 50 MA on the daily wich means a very likely bear market.

Now we have pushed from the lows of 29K with a strong bounce off support, this area of support has been heavily battered with multiple touches since the drop from the ATH's

I believe this might prove to be a false breakout and we could continue the downtrend further.

Based on this I'm opening this short.
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