Okay guys, Bitcoin seems to finally have cooled off and looks like we're finally getting our much needed correction. Here we can see bitcoin came back to do a bearish re-test of the broken support. Low volume, RSI at resistance and the spinning top doji signals to me that more than likely we will not break above this resistance again. Because we are at resistance and bitcoin looks weak it creates a very good set up to short bitcoin.
Open your short position and put your stop loss at the top of the resistance.
my target for this short and to go long again is 7.3k areas
lets see how all this plays out!
Open your short position and put your stop loss at the top of the resistance.
my target for this short and to go long again is 7.3k areas
lets see how all this plays out!