Bitcoin
Short

Bitcoin to 4750?

Yesterday we reached approximately $8500. There are two long term trend lines I am looking at right now, the bottom of which indicates support in the near future of around $4750.

It is entirely possible we will have to reach this level before going back upwards to test the new upper limit to this trend.

snapshot

My last trade was $11700 short to $8600 approx.

I may trade again in the near future depending upon the patterns which arise in the next few days to a week.

Thank you.
BTCUSDTrend Analysis

Related publications

Disclaimer