Looking at our trend timeframe we see price continuing to respect our downtrend with no signs of reversal. Stochastic RSI showing momentum is in favor of bears, will watch smaller timeframe for entry. Last time we were at this price we saw a sell off from 17000 to 5000.
Shifting over to our pattern timeframe we see price has formed a lower high at 18000, and is now looking to form a lower low. Stochastic RSI showing momentum is in favor of bears with no signs of reversal. A daily bearish engulfing leads us to a sell off towards our 5000 support. Psychological support at 15000, a daily close above 17000 activates our trade.
