Danger Territory for Bitcoin - down we go?
Updated
I have advocated for a buy the dip at 31K (see previous posts)
I have sold at 37K due to the following reasons.
Techincals :
-TD sequential red count continuing
-Daily below 20MA
-7EMA/ 20MA daily cross
-Funding rates and premiums YTD high
-MACD Daily still bearish
-RSI downtrending, although above 50.
If prices reach around 27K that would be a perfect buy.
I have sold at 37K due to the following reasons.
Techincals :
-TD sequential red count continuing
-Daily below 20MA
-7EMA/ 20MA daily cross
-Funding rates and premiums YTD high
-MACD Daily still bearish
-RSI downtrending, although above 50.
If prices reach around 27K that would be a perfect buy.
Note
GG BITCOIN was nice knowing you.I'll see you again in 27K
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