Shorting BTC after longing
Updated
Considering the 4H timeframe, price of BTC is expected to buy/rise to 9400-9480 area and then continue its downtrend to 8697 or 8641.
At such an area, it may retest 8892-8958 area.
At such an area, it may retest 8892-8958 area.
Trade active
We still have some long way to go downside... BTC not done with its drop. As at the time i posted this, i had made my analysis using the weekly timeframe which showed a strong downtrend for BTC. We are not there yet. I will try and post my analysis here on weekly (1W) timeframe. Stay tuned.
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