BTCUSDT.P We are currently seeing weakness in BTC, Double top is present, and the RSI bearish divergence is also seen.
Prepare for the POSSIBLE scenarios
1. Breakdown of 100,000 levels.
2. Consolidation between 100 - 105k levels.
3. Breakdown and price going to support at 90k levels
4. Breakout at 110k levels - LEAST LIKELY, but still can happen.
Money management wise, be on the defensive. My personal allocation is less than 30% right now, as I hunt for more opportunities
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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.