Bitcoin can possibly $8000 down then it will go $12000
Updated
Nailed it. THE ONE LINE at $9,090 is the exact spot that we were expecting resistance on a move up. Here we are. Now it’s anyone’s guess what will happen. This is a high R/R SHORT for scalpers. I am NOT saying that price will drop - I just think the risk reward is good for a short in this area with a tight stop, in case price does continue down. If it goes up, great. Then you can long a retest of $9,090 as support.
Trade closed: target reached
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.