Couple of bearish indicators on the ETC/BTC signalling a short-term short?
1. Bearish div with RSI and Stoch RSI 2. RSIs are overbought 3. Ascending wedge 4. Low volume on last candle
I would place a short here with stop loss at above 141k sats. Last exit would be 110k sats for me.
Commento
Next moves maybe like that? So either way, maybe a quick short to 11.6k with tight stop-loss above the descending red resistance at 12.4k. Once at 11.6k let's see where it takes us.
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