Bitcoin Short Setup

٢٩ مايو ٢٠٢١

Bitcoin doesn't seem to have found bottom or support yet, the possible breakout off this indicated symmetrical triangle on the 4H and Daily chart is the pattern to work with for the next direction on Bitcoin, with price finding resistance twice at 40k$ over the last 2weeks, a break below the symmetric triangle will send price lower to 28k$, the next level horizontal support, while a push below 28k$ will send price lower to 20k$ price tag, the all time high from 2017, which is yet to get a proper retest since 2017.