BTCUSD continued short-term bearish trend
BTCUSD continues to fall after bouncing off the bearish channel that has been in place for 2 months now. RSI showed that the market was overbought and the 2 week bullish growth was exhausted. Expect further decline of BTC with some short term ups and downs in the currently formed small bearish channel. 50 day MA has been broken by the trend as well.
Do not fall into the trap of other people suggesting that the prices are mooning. Do not comfort yourself and play against the emotions.
Altcoin prices will follow as well.
Strong bullish reversal in 1-2 weeks - strong support (the black line) from long ago, should indicate healthy long-term growth.
[ADVICE] The trends and channels are not exactly 100% on point, they simply indicate the overall trend of the market, not exact prices.
[SOLD MYSELF AT 11300 AFTER CONFIRMATION OF BEARISH TREND CONTINUATION]
Do not fall into the trap of other people suggesting that the prices are mooning. Do not comfort yourself and play against the emotions.
Altcoin prices will follow as well.
Strong bullish reversal in 1-2 weeks - strong support (the black line) from long ago, should indicate healthy long-term growth.
[ADVICE] The trends and channels are not exactly 100% on point, they simply indicate the overall trend of the market, not exact prices.
[SOLD MYSELF AT 11300 AFTER CONFIRMATION OF BEARISH TREND CONTINUATION]
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