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BTCUSD: one more dip before reversal (Daily Short)
I have explained on the chart that what has happened during the last 21 days:
1. Dynamic Supports at 28,780 & 30K & 32 & 33 has all been broken down now (today).
-If today's candle is to be closed below that dynamic blue & red trend lines, then we are actually going down.
2. Volume is supporting the abovementioned event and it is too low.
3. PSAR is below the chart & SRSI is also trending down.
Our chance to have a correct forecast has been always a 50-50 probabilistic guess. I do not like to stay hesitated on the possible direction. That is why I explicitly express my estimation which can be right or wrong.
This one is not a financial advice.
1. Dynamic Supports at 28,780 & 30K & 32 & 33 has all been broken down now (today).
-If today's candle is to be closed below that dynamic blue & red trend lines, then we are actually going down.
2. Volume is supporting the abovementioned event and it is too low.
3. PSAR is below the chart & SRSI is also trending down.
Our chance to have a correct forecast has been always a 50-50 probabilistic guess. I do not like to stay hesitated on the possible direction. That is why I explicitly express my estimation which can be right or wrong.
This one is not a financial advice.
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