BTCUSD Possible Scenarios Martin Trend Line BITMEX Signal
Updated
This is a better picture of the short term idk why i had it so zoomed out, still figuring TV out.
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Short to 6400, stops at 6650.Note
Major support line broke pretty hard, definitely think we will see another push to retest it and probably blow through it to 5800.Note
Plus the Red candles from the martin trendline indicator really show bearishness. While Rsi is under a strong down trend in the large time frames with the OBV rising signaling a confirmation that price is going down.Note
I should say 6350 for the price target but i like to be conservative. but indications are thats where it should go back to and pause for at least a moment, whatever direction it moves in the short time after is probably where it will keep moving.Note
As far as i can tell, all upward movement in price hasn't had any volume to back it. Very prevalent on lower time frames, its only a matter of time before it translates into the longer timeframes.Note
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Still under that big triangleNote
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If we dont move down soon, we are probably gonna see a short bull run.Note
here we go Note
Looking for possible long-term double bottom at 6039. Be careful trading it though, if we get a really strong V bounce at 6039 id say we're bullish again, if not id say its a much longer term triple bottom.
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