Short

BITCOIN POTENTIAL PULL BACK - GREAT SHORTING OPPORTUNITY!

Bitcoin started a crazy rally to the upside but as always in order to continue the bull run we need to retest some supports and break some really important resistances! At 46.5-47k $ BTC is facing HUGE RESISTANCE from the 100 & 200 EMA ( ESTIMATED MOVING AVEREAGES) which is really strong! also it faces the EMA RIBBON at the weekly time frame which is proved to be a really strong support but also a HUGE resistance! At the end we are facing the entry of the BULL MARKET SUPPORT BAND which also in the past worked as a resistance! We need to wait a clear break and retest to buy for long position ! But in my opinion we will see some pullback which can be a nice trade (short) with some really nice gains!

CryptoDrou
Trading is good But HODLING is the King of PROFITS!

CryptoDrou

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