RACEACEACE #BITCOIN SHORT A REJECTION OF 6328 down to 5700 SCALP

The bulls, in my opinion have failed to come through. The lower timeframes are overbought and the 1 hour is looking more bearish to me. I have confluence in my technical analysis to suggest that a rejection at 6328 merits a short entry. Profit should be taken at 5700. A stop should be placed responsibly using a local pivot high on the one hour chart. This is a scalp trade. If another move up to 6328 fails to materialize, don't blame me. I only look for safe entries and exits. When a trade fails to follow my expectations, I close it.

Please use your own t.a for confluence.

Resistance: 6328
Support: 5700, 5337

Stay safe :)