Hi Traders, about half month ago i've been talking about shorting near the 31,000 resistance as price formed a tight consolidation after a strong downwards push from 40,000 highs.
If you've been following my analysis most likely you're in a great position.
As BTC continues to plummet, it's important for you to begin scratching off your short positions. Usually price rebounds when things' getting very obvious - when crowds are chasing it.
Shall we see BTC hitting 19,000 - 20,000 within these 2 days? Probably.
If you're having shorts, i'd suggest you to slowly net off your position and observe how things goes rather than taking action now.
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Take care and trade safe.
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