HawkEyE

SHORT IT NOW to 9.5K

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BITMEX:XBTUSD.P   Bitcoin
Price has fallen below 21 EMA on Daily which is definitely a bearish sign. Now 21 EMA will act as a resistance and whenever we broke down 21 EMA on Daily , we have almost touched the bottom of the trendline in this never ending symmetrical triangle. So i expect a move towards the blue box before making an impulsive move up.The two main Oscillators i look at are pointing down , RSI - 46 ( bearish) and MACD look like it is going to get a Bear CRoss on Daily and all LTF's look bearish. So expect Volatility soon. I placed long orders at 9570 with 50% of my position but 9.7k is a strong support so will look for a reaction there to consider longing at 9.7-9.8k

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