I am shorting bitcoin based on this technical analysis shown. Weekly bearish trendline (currently underneath the trendline) - 65,750 to 66,200 entry - Stop Loss approximately 66,800 to avoid a liquidation wick.
Based on this TA we look to want to hit a bullish retest at the bottom of the bearish pattern - approximately 14,000.
Other levels of interest I have marked.
This is a very speculative idea and note that trendlines and patterns aren’t always reliable - however with DXY ready to fall by the look of it - this seems like a good trade to me.
Based on this TA we look to want to hit a bullish retest at the bottom of the bearish pattern - approximately 14,000.
Other levels of interest I have marked.
This is a very speculative idea and note that trendlines and patterns aren’t always reliable - however with DXY ready to fall by the look of it - this seems like a good trade to me.