Short

Calling Bitcoin Bottom $7516

Updated

Obviously Bitcoin broke out of a huge wedge to the downside, to be honest i expected more rejection off the $9370 support. This was the breaking of a weekly trend so the next stop is a weekly level at $7516. If you want to enter short wait for a retest of the 8750 levels or 9037 levels, but those have already been retested on lower time frames so I doubt that will happen. This is more of a post to call the bottom. You are only a bear until you are a bull. We are still in a bull market. I have a nice long set at $7500 I am expecting a quick wick then a continuation of the bull market.

Red: Daily
Blue: Weekly
White: Monthly

Note

Limit order is at $7530 not $7500, always want to put it a little bit above the level.

bestisyettocome47

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