Bitcoin
Short

MFI lowest since November 2018, wait for Reversal

108
I called wrong and thought we'd hold support but in fact, we were in a descending triangle which breaks downward. if we look back to the last time the MFI was this low we can see we continued down until we had bullish divergence on the MFI.

We could hold this bearish trendline for the future and hopefully form a descending wedge and break out bullish. We can wait for the price to rebound to 9k before shorting or short now, or both.

Hopefully, this will happen quickly as I was looking forward to a 15k October, but now that seems less likely. But with bitcoin, you never know.

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