Get started
Bitcoin
Short

Bitcoin/US Dollar - Potential Short Set-Up

By FxDollarz
Updated
Possible rejection from all time high resistance back down to the lower trend line. Confluence at $4200 price level from the 0.382 fib line and trend.
Comment
We could also potentially retrace back down to $3700 on the lower-most trend line, which could really set us up for a chance to break the ATH resistance.
Comment
Looks like we could form a wedge between $4700 - $4950 before breaking down.
Bitcoin (Cryptocurrency)bitcoindollarbitcoinforecastbitcoinmarketsbitcoinpricebitcoinscenariosbitcoinusdTrend AnalysisUSD

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.