When looking at the current BTC price you can see it broke down out of the symmetrical triangle and also broke the horizontal support.
We also got a 4 hour close out of the triangle, so I'd say we have a confirmed breakdown. I closed all of my long positions earlier today but I still don't know yet if I should short or not, since we were in a heavy uptrend. The RSI is heading a little bit lower and the VPVR shows a gap in the volume (so not so much buying pressure).
If I signal buying pressure from the bulls, I might reconsider to open up a new long lev position (low lev). But with leverage I'm careful because it can go fast and I don't want to be high leveraged on the wrong side.
But I'm definitely keeping my eye on the green support zone.
We also got a 4 hour close out of the triangle, so I'd say we have a confirmed breakdown. I closed all of my long positions earlier today but I still don't know yet if I should short or not, since we were in a heavy uptrend. The RSI is heading a little bit lower and the VPVR shows a gap in the volume (so not so much buying pressure).
If I signal buying pressure from the bulls, I might reconsider to open up a new long lev position (low lev). But with leverage I'm careful because it can go fast and I don't want to be high leveraged on the wrong side.
But I'm definitely keeping my eye on the green support zone.
