Dear followers and viewers,
*We have a bearish pennate formation along with a death cross on the REX indicator. There were also no signs of bullish divergence on RSI meaning BTC should trade lower, especially if the pennate does not break currently.
*There will be a continuation of the trend, tread lightly if you are bullish better off thinking of a bearish scenario.
*My target for this short is near 20.5k
~MC
*We have a bearish pennate formation along with a death cross on the REX indicator. There were also no signs of bullish divergence on RSI meaning BTC should trade lower, especially if the pennate does not break currently.
*There will be a continuation of the trend, tread lightly if you are bullish better off thinking of a bearish scenario.
*My target for this short is near 20.5k
~MC