Shorting Bitcoin at the moment could be risky business considering a few potential bear traps appear to exist.
Some support should be offered at:
1. The pink line at around $9100
2. The blue uptrend line
3. The yellow downtrend line
4. The green uptrend line
The 8K barrier could be a tough one to break through.
Some support should be offered at:
1. The pink line at around $9100
2. The blue uptrend line
3. The yellow downtrend line
4. The green uptrend line
The 8K barrier could be a tough one to break through.
Note
-Some support was offered, however, the bears were too hungry.
Idea Closed!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.