Btcusdshort
btcusd Wait for the retracement and continue selling BTCUSD LOOKS LIKE SHORTTERM DOWNTREND
Wait for the retracement and continue selling
FOLLOW sell on rise strategy
BTC SUPPORT BREAKOUT HAPPEN NOW
SELL BTC NOW AROUND 47500 - 47800
WITH SAFE SL -48557
TARGET - 45000
THIS IS FOR ONLY EDUCATIONAL PURPOSE.
BTC rising wedge can it hold 46-45k Btc is forming a rising wedge and now it broke down it! the main resistance is 49-50k and the critical support is 45k if hold above it we can expect move upside and can can came back to 40k or even 35k level so trade with tight stop loss. Also we can see a that the rsi is forming a bearish divergence. you can see a similar situation earlier. its better to avoid taking big positions
Inverted Cup and Handle Pattern: A Bearish Technical sign......What is an ‘inverted cup and handle’?
An ‘inverted cup and handle’ is a chart pattern that indicates bearish continuation, triggering a sell signal. Think of it as an upside-down cup and handle.
If you look at the regular cup and handle pattern, there is a distinct ‘u’ shape and downward handle, which is followed by a bullish continuation. This means the inverted cup and handle is the opposite of the regular cup and handle. Instead of a ‘u’ shape, it forms an ‘n’ shape, with the handle bending slightly upwards on the chart.