nagihatoum

BTC resumes downward trend

Short
BYBIT:BTCUSD   None
Lost the 4H 200ema support, although it initially bounced on it and looked like it was going up. Now retesting the 4H 200ema as resistance. If rejected and the current 4H candle closes below it, then trend is firmly downward.

MACD ticking down and RSI has the potential to being oversold which means a strong drop.

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.