BitcoinShort
Short!
After we broke a rising wedge on daily we have pumped back up to fill CME gap, we got rejected and probably going down now.
Target is 5450 for ascending weekly support and 0.786 fib both located there, if we drop below this lvl we can test back down towards 3850 for a double bottom.
After the massive dump we could be forming an bearflag on weekly frame as well!
It is not looking good for btc, but if the ascending support holds we might be able to
climb up.
Also if btc closes below 5600, it can get very ugly for btc again because the 200MA weekly is at 5580..
This is just my opinion trade safe :)
Target is 5450 for ascending weekly support and 0.786 fib both located there, if we drop below this lvl we can test back down towards 3850 for a double bottom.
After the massive dump we could be forming an bearflag on weekly frame as well!
It is not looking good for btc, but if the ascending support holds we might be able to
climb up.
Also if btc closes below 5600, it can get very ugly for btc again because the 200MA weekly is at 5580..
This is just my opinion trade safe :)
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