BTCUSD is about to close this current 12H candle below the 21 EMA (blue line) and previous breakout resistance. A close below would open the possibility for price to continue on downward to the next support. RSI, MACD, and Stochs are aggressively pointing downward while also selling volume is increasing.
Breakage of this trendline on stochs that has held price up and rally previously would further fuel this play.
Breakage of this trendline on stochs that has held price up and rally previously would further fuel this play.
Note
Down we go (:
Note
4H candle rejected bounce attempt and formed a bearish hammer candle.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.