BitcoinShort
BTCUSD The EMA that may save Bitcoin
Hey Traders! I think the RED 800 EMA (on the 1D chart) that supported the last two death cross dips will provide support again this time around at the 22400 price point. I also see the flipped N shape pattern that has formed as well, which indicates a continuation to the downside. The RSI also shows the prices are staying under 50 and the MFI indicates the prices are lowering due to the repeated movements down to 0 MFI. Idea is invalidated if prices break and close above 35355.
Short Idea:
SELL: ~33970
STOP LOST: ~33117
TP1:
TP2:
Short Idea:
SELL: ~33970
STOP LOST: ~33117
TP1:
TP2:
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