BITCOIN LOOKING FOR NEW LOCAL LOWS
Updated
Hello friends! Well Bitcoin is having a tough time staying alive, giving just enough boosts for small hopium addicts to stay in this sustained downtrend while big bags make sneaky exits. Looks like bitcoin bulls missed their chance for any REAL upward movement, as demonstrated by my green arrow. Now facing CRUSHING resistance in the 8k - 8.3k region , but almost equally strong support in the 7.8 - 7.9 region. It’s my prediction that these levels could break to the downside, maybe even significantly so, before we see interest from buyers again. Please leave a like if you agree or found this helpful. Always use proper risk management. And good luck!
Right now we are sitting at support about 7930. I will wait until the top of this bounce (to the best I can) before I place my short. It’s normally a bad idea to short support. Happy trading!
Please join me on my free discord for round table discussion and to follow my daily calls
discord.gg/xfrrJkY
Disclaimer: I am not a financial advisor and this is not financial advice. For entertainment purposes only.
Right now we are sitting at support about 7930. I will wait until the top of this bounce (to the best I can) before I place my short. It’s normally a bad idea to short support. Happy trading!
Please join me on my free discord for round table discussion and to follow my daily calls
discord.gg/xfrrJkY
Disclaimer: I am not a financial advisor and this is not financial advice. For entertainment purposes only.
Note
As you see price found the crushing resistance I spoke of and we are now ranging in the top of that zone. I'm attempting a short, laddering in sells around 8240. In an attempt to lock in my HODL profit. Keeping tight stop in the 8300 zone just in case we decide to moon, but for now, since we are under 8300 I will continue to short, until I see further evidence for more upside. Happy trading! Trade at your own risk!Trade closed manually
Ended up closing short in slight profit. Now going for a very small long from 8200 with tight stop. Feel free to follow on discord! discord.gg/xfrrJkY
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