Shorting BTC. Here's Why.
This is no investment advice. What do I know anyway. We are all guessing in the market.
However, I feel there's a need for BTC to go down. RSI even suggests price has been declining for some 3 days now despite price action looking like it's trading around the same price. Again, price is at the overbought region, hence, a need for a decline.
Support above $12,500.
Whether this will play out as suggested this week or next week, I can't tell. But the probability of it happening to me is 90%.
However, I feel there's a need for BTC to go down. RSI even suggests price has been declining for some 3 days now despite price action looking like it's trading around the same price. Again, price is at the overbought region, hence, a need for a decline.
Support above $12,500.
Whether this will play out as suggested this week or next week, I can't tell. But the probability of it happening to me is 90%.
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