BTCUSDT Upate
For the overall trend, I don't see any bullish since 13k as in my previous post for overall.
As you can see from the chart, the price can't break 27.4k region and hopefully it holds.
But when I look at Renko traditionally on a daily timeframe, the chances of market breaking down are higher than going up. Many YouTubers are pointing out bull-flag scenarios. Be careful of fake break-out upside then drop back.
Overall short-term trend still bearish(Refer here):
https://www.tradingview.com/chart/BTCUSD/yldygexs-BTCUSDT-update-Renko-1D/
As you can see from the chart, the price can't break 27.4k region and hopefully it holds.
But when I look at Renko traditionally on a daily timeframe, the chances of market breaking down are higher than going up. Many YouTubers are pointing out bull-flag scenarios. Be careful of fake break-out upside then drop back.
Overall short-term trend still bearish(Refer here):
https://www.tradingview.com/chart/BTCUSD/yldygexs-BTCUSDT-update-Renko-1D/
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