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Bitcoin
Short
Aug 20, 2022
BTCUSD SWING SHORT
1
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Grab this chart
BTC on the weekly chart is in a persistent downtrend for this year.
In recent weeks, a bit of a bear market rally has occurred and
stochastic RSI is now at or above 80 while the MACD has K and
D lines touching. The weekly candle is a red Doji.
I see this as about the same as the pattern of early April.
I conclude that BTCUSD's bear market rally is complete
thus setting up another swing short trade to be taken.
AwesomeAvani
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BTCUSD
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AwesomeAvani
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