Bitcoin / TetherUSShort
BTC/USDT Bearish for Short term/ Mind term
There are multiple factors for the bearish market
1. BTC made a Head & Shoulder pattern on 1 HR time frame.
2. As we all know, September is not good for BTC. The prices retested the 60800 resistance, which we broke after a past dump
3. BTC broke a trendline on 1hr time frame and 4HR time frame.
4. It is taking support on 200 MA Once BTC breaks the MA and gives the closing below,, you can take safe entries and Short BTC.
Please note the profit you make from Future reinvest and buy BTC on Spot because, ultimately BTC is on a bullish mode
For more update follow me on TV.
1. BTC made a Head & Shoulder pattern on 1 HR time frame.
2. As we all know, September is not good for BTC. The prices retested the 60800 resistance, which we broke after a past dump
3. BTC broke a trendline on 1hr time frame and 4HR time frame.
4. It is taking support on 200 MA Once BTC breaks the MA and gives the closing below,, you can take safe entries and Short BTC.
Please note the profit you make from Future reinvest and buy BTC on Spot because, ultimately BTC is on a bullish mode
For more update follow me on TV.
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.