Bitcoin - The fall continues.

30 dic 2019

The slow gradual sell off on BTC continues as price falls to find buyers. There was a small signal, as circled in the ADX, but this is another bull trap, as seen between the months of October to November when price ranged then spiked to draw in the buyers, then sold off. There is another Bull trap forming as the OBV is now below its 233 moving average, not confirming the move on the ADX. A good inter-day trade could be possible by going long with a target at the supply line (green trend line), but I would not hold this position as price will continue to fall further than its current price.