Couple of bearish indicators on the ETC/BTC signalling a short-term short?
1. Bearish div with RSI and Stoch RSI
2. RSIs are overbought
3. Ascending wedge
4. Low volume on last candle
I would place a short here with stop loss at above 141k sats.
Last exit would be 110k sats for me.
1. Bearish div with RSI and Stoch RSI
2. RSIs are overbought
3. Ascending wedge
4. Low volume on last candle
I would place a short here with stop loss at above 141k sats.
Last exit would be 110k sats for me.
Note
Next moves maybe like that? So either way, maybe a quick short to 11.6k with tight stop-loss above the descending red resistance at 12.4k. Once at 11.6k let's see where it takes us.
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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.