BTCUSD Short
Price has returned to a critical area of resistance on the chart.
After creating a significant low at $49500, our bias is still short until we see market structure reveal otherwise.
We are anticipating price to move into the 51000 - 51150 zone and retrace. Upon exit back to the downside of the zone a short order will be entered.
Unfortunately I couldn't post this before the move happened.
We also have a pending long @ 51260 in the event price manages to break this level as it would entail more price movement up.
After creating a significant low at $49500, our bias is still short until we see market structure reveal otherwise.
We are anticipating price to move into the 51000 - 51150 zone and retrace. Upon exit back to the downside of the zone a short order will be entered.
Unfortunately I couldn't post this before the move happened.
We also have a pending long @ 51260 in the event price manages to break this level as it would entail more price movement up.
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.