Looking for a bearish continuation.
Obviously just a prediction but BTC is pretty oversold and is bouncing. Thinking it will find resistance at the 1 hour 50 MA and begin a bearish pattern rather than going up more. I really think entering a short or scaling in around those levels will be lucrative. Considering that the Daily 50 MA is coming down quicker now your short entry may have the safety of resistance at the 50 MA and 200 MA once BTC breaks down further.
Again, I typically don't like predicting patterns but this seems more obvious than not.
Again, I typically don't like predicting patterns but this seems more obvious than not.
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