Bearish BTCUSDT scenario
Im still new to TA just publishing this Idea to look at it in the future, you should not take this as any kind of advice.
However I think that BTC should correct in the coming days. The blue LSMA reaching 106 is something we dont see quite often. This may indicate that the price of BTC should go lower. And seeing the Green RSI approaching the 50 on 4h candles confirms that the price of BTC should fall lower in the coming days.
But we are still in a bullmarket and with the incoming stimulus check i would be careful to open any short positions.
My target for BTC until 13th of March is 48.900$
However I think that BTC should correct in the coming days. The blue LSMA reaching 106 is something we dont see quite often. This may indicate that the price of BTC should go lower. And seeing the Green RSI approaching the 50 on 4h candles confirms that the price of BTC should fall lower in the coming days.
But we are still in a bullmarket and with the incoming stimulus check i would be careful to open any short positions.
My target for BTC until 13th of March is 48.900$
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