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Bitcoin / TetherUS
Short

Weekly outlook sep 2-6 $BTC

120
BTC bulls be very cautious here!

Bear case:
1. SPY breadth running out of steem
2. SPY seasonal weakness in September
3. BTC is below 20 W EMA, 50/200 D MA bearish cross
4. BTC Weekly close below the ichimoku cloud.

Still possible for a 70k retest at trendline, but Bear case outweighs the bull base
SolenyaResearch
Also on:
Chart PatternsTechnical IndicatorsWave Analysis

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.
Chart PatternsTechnical IndicatorsWave Analysis
SolenyaResearch
Also on:

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.