Bitcoin / TetherShort
BTC USDT 1W Short
hello everyone.
Due to the following reasons, I predict a downtrend of Bitcoin in the Weekly time frame :
1- as you see from now 2022 until aug 2024 , price and volume trend is opposite.
2- Mfi has moved below the 50 line.
3- in large channel we can see that price can move down at least to midline ( about 54000) and in the other zones ( 48 , 42 , 32 )
4- in small channel we can see that the price easily can move down to about 48.
As you know the market has no definite trend but in my idea , probability of a downtrend is greater than the probability of an the probability of an uptrend.
Due to the following reasons, I predict a downtrend of Bitcoin in the Weekly time frame :
1- as you see from now 2022 until aug 2024 , price and volume trend is opposite.
2- Mfi has moved below the 50 line.
3- in large channel we can see that price can move down at least to midline ( about 54000) and in the other zones ( 48 , 42 , 32 )
4- in small channel we can see that the price easily can move down to about 48.
As you know the market has no definite trend but in my idea , probability of a downtrend is greater than the probability of an the probability of an uptrend.
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.