Hi Guys
Trade at your own risk
These are the reasons for going short
Bitcoin is in a heavy resistance area now. (10800-11200)
Nearly hitting top of the channel resistance
Currently in between (0.5-0.618) fib levels of the previous AB leg
Greens are the support target areas. Expect bounce backs in these areas. My personal final target is 6650.
If Bitcoin goes down from here as im predicting, there will be patterns forming to support further drops (Head & shoulders, Harmonic Deep Crab)
Trade at your own risk
These are the reasons for going short
Bitcoin is in a heavy resistance area now. (10800-11200)
Nearly hitting top of the channel resistance
Currently in between (0.5-0.618) fib levels of the previous AB leg
Greens are the support target areas. Expect bounce backs in these areas. My personal final target is 6650.
If Bitcoin goes down from here as im predicting, there will be patterns forming to support further drops (Head & shoulders, Harmonic Deep Crab)