BTCUSDT Still downtrend // channel preserved.

10 May 2020

BTCUSD in // Channel since 03/12 crash.
Said on 03/08 => if MACD cross or near to, big probabily of reversed trend, if volume > 7K too

support broke at 9565
=> went down to support & channel baseline
Now moving between Fib 0.236 / 0.382
big propablity of retest down to
8,107.03 14 Day RSI at 50%
maybe
7,988.06 38.2% Retracement From 13 Week High
lmao, if short with tight stops, long not a good idea for instance ..



NB: Smart people never bet more than they can afford to lose.
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Trade at your own risk
This is just an idea about the current situation,
it's NOT a trade advise .

10 May 2020

Not

Downtrend invalidate
cross trend line
now => to next Fibo resistance level 0.382