arielfuggini

BTCUSDT below 29000: About To Collapse?

שורט
arielfuggini מעודכן   
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT is below the 29000 as of now. It has not closed below 29000 on daily candles since June 20th this year.

There is a clear RSI divergence indicating weakness in the movements of the last 2 months.

If today's daily candle closes below 29000, it is very possible that price will keep dropping in the upcoming days. In that case, I will be entering a short trade and aim to the orange trendline, the 200 SMA level, maybe even the area below 26350 on my chart.
הערה:
In effect, price yesterday closed below 29000, and price went as low as 25166, way below the 26350 area I anticipated.

I entered short, a bit late at 28455 and sold at 26026, making a 93.36% ROI.

If price keeps dropping, my next key levels are 25000, 24385, 21500, and 19588.
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