🙄📉 New signs of a reversal
$BTC !
In a long-term bearish trend, when
$BTC is below the weekly MA50, the best setups for shorts or selling will occur when the price is near the RSI level of 70. Historically, there have been at least 2 such instances.
At the same time, drops below the 25 RSI level in a long-term bearish trend are always more frequent - around 3-4.
✔️📉 Accordingly, when Bitcoin approaches the RSI level of 70, it’s wise to look for setups to open a short position! For example, a red bearish daily candlestick is one of those signs.
❌📈 On the other hand, going long or buying would be a bad option, especially in a long-term bearish trend!
#BTCShortAlert