Bitcoin shorts for the short term, would love for price to get down to 31k eventually
My analysis was correct from my last post and I cashed on my opportunity!
Gold just broke out of most liquid area and is going to be continuing higher as the stock market will tumble.
Head and shoulders pattern on Daily, CPI was record high. Using Volume Zones, you can determine where all of the liquidity is in the market as well. So using that I used the Volume Zones on the weekly timeframe and alot of volume is near the 3900 area.
There are alot of factors that will make price to continue to dump. The techincals show downtrend, the economy with Biden in control including the press conference he is having right at this moment.
daily timeframe, could see a break through or a rejection on sunday
First thing Sunday evening, you should place a sell order on this. Obviously try to get a good entry but this is going for a ride down. Breaking support and its retesting at the moment. Very textbook move.
what do you guys think? I think it will break through this support, but obviously I could be wrong.
simple break and retest of a horizontal resistance, @nickshawn
LOOKING FOR A DOWNSIDE MOVE. ITS TRYING TO TEST THIS RESISTANCE. IF IT REJECTS, LOOK FOR A SELL OPPORTUNITY