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$BTC / USDT The king retraced slightly lower from our short e | Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)

$BTC / USDT

The king retraced slightly lower from our short entry zone but the trend was respected. Right now, I don't like the development on 6h. A cross under 21 EMA is bearish. Coupled with the historic price action for September, I reckon we will have some sideways movement and a bumpy ride for the next few weeks. The last two months of the year usually give very good returns. The Santa Rally will be helpful to make a new ATH.

In the mean time, we are still heavily invested in altcoins and ethereum.