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Bitcoin / TetherUS
Short

BTC continuation of a downtrend

By GoldenSocks

On a 4H chart:
1) Kijun Sen is considerably above Tenkan Sen
2) Stoich RSI D is about to cross K

On a 1D and 1W chart:
1) Stoich RSI D is above K

Also while looking at the Fibonacci Retracement, the price bounced off the 0.382 ceiling.

Aforementioned factors combined, in conjunction with bars closing under the red cloud on several time frames, indicate a strong continuation of an on-going downtrend for now. However it makes sense to be prepared for a reversal just in case.
Bearish PatternsbtcshortChart PatternsdowntrendTechnical IndicatorsshortTrend Analysis
GoldenSocks

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