Just ducking short Bitcoin
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Hitting resistance line.
Stop 10000.
This idea is more like a signal, but there are lots of other factors here which I will write here now.
1) CME gap ~8250
2) Forming possible tripple top here now and hitting that 9900 - 10300 resistance
3) Possible double top on the daily timeframe
Lots of shorts were opened at these levels. Market dynamic is really bad now.
Things can become bullish after breaking 9900 - 10300 zone with good volume and fixing above that zone.
Always DYOR and put stop loss.
Good luck!
Hitting resistance line.
Stop 10000.
This idea is more like a signal, but there are lots of other factors here which I will write here now.
1) CME gap ~8250
2) Forming possible tripple top here now and hitting that 9900 - 10300 resistance
3) Possible double top on the daily timeframe
Lots of shorts were opened at these levels. Market dynamic is really bad now.
Things can become bullish after breaking 9900 - 10300 zone with good volume and fixing above that zone.
Always DYOR and put stop loss.
Good luck!
Note
CME gap ~9250, typo :)Note
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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.