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BTC Short @ 6860
The idea is simple:
I looked at the high time-frame trend, low time-frame trend, Stoch, RSI, and Support/Resistance
1. High time-frame (12h, 1D) shows a logarithmic dynamic support.
2. Low time-frame shows trend line (purple) of Lower Highs which price might backtest as support in the next 8 hours.
3. Stoch is turning downwards on 15m and 1h
4. RSI is overbought on 15m and 1h
5. Nearing 7200 Resistance with high liquidity (volume), I'm expecting a correction to the next point of high liquidity, which is @ 6860.
All signs point downward, unless this is all just a Confirmation Bias... to each is own.
I looked at the high time-frame trend, low time-frame trend, Stoch, RSI, and Support/Resistance
1. High time-frame (12h, 1D) shows a logarithmic dynamic support.
2. Low time-frame shows trend line (purple) of Lower Highs which price might backtest as support in the next 8 hours.
3. Stoch is turning downwards on 15m and 1h
4. RSI is overbought on 15m and 1h
5. Nearing 7200 Resistance with high liquidity (volume), I'm expecting a correction to the next point of high liquidity, which is @ 6860.
All signs point downward, unless this is all just a Confirmation Bias... to each is own.
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