I opened a small long at ~3.9k and just liquidated that. I am looking for a breakout from that pennant and am expecting it to be to the downside. I may initiate a short, although I do admit that I don't feel great about it. The larger time-frames are looking a bit stretched for longs, so I'm expecting btc to be a bit more robust to the downside, but I'm not short yet. Will update if I short.
Note
I am looking to short around 6k. Think 5.8 to 5.5 is on the horizon and it could be a quick move
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.