BTC is floating at 19000 mark, it is supported by an ascending line with already 3 touched , I would sale a break of this line with a break of DO or a rejection at upper resistance line around 19400-19500 down to ML ; as we are still on Sunday trading i would used a small position and just after confirmation of break down or rejection at upper resistance, the only question mark is the descending broadening wedge forming that could be a bullish formation so it need to be evaluated prior entering the short position becouse could break up with short liquidation over 19500 ; RSI on all different time frame is getting to overbought area so a pullback could be happened soon than later; my position at the moment is monitoring and get confirmation prior entering the trade but i am on the short side until BTC prove that trend is changing
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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.