BTC likely to drop ~10% from current position
Hello guys,
Bitcoin broke it's trendline and trying to get back to the upper side, but there is some thing to notice about that.
Current level is combination of many resistances:
All that infomation convinded me that Bitcoin is likely to drop to it's local demand zone (~10% drop from current level).
I personally opened a short position and placed a stoploss at the high of yesterday.
DYOR and happy trading.
Bitcoin broke it's trendline and trying to get back to the upper side, but there is some thing to notice about that.
Current level is combination of many resistances:
- Top of BB channel
- MA100
- Broken trendline
- Low volume
All that infomation convinded me that Bitcoin is likely to drop to it's local demand zone (~10% drop from current level).
I personally opened a short position and placed a stoploss at the high of yesterday.
DYOR and happy trading.
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