Short

Updated

Short Entry @9300 SELLOFF NOT FINISHED

$9300 is heavy resistance, i believe the selloff has not finished, recent bottom has to be tested again and perhaps even lower to $8000

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I believe a "top" to be between $9200 and $9300. There is a rising wedge formation inside the "broadening (bottom) formation" and a positive divergence macd 15 min chart

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correction: i meant to say negative divergence macd 5 min chart

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Just went short @9000

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Just closed my short with profit, not sure if we have seen bottom or not.

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I think we have a bottoming on our hand, i am long @8800 with stops at $8650

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Next important resistance 10,000

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BTC above $9000 --> bottom

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resistance $10,000 reached --> back to $8400 perhaps even to $8000

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Disclaimer

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.