BTC- Potential Short Analysis -1D
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Marked on the chart are the resistance levels price action would encounter if it goes higher
The key support holding price action up is 19740, losing that support level i believe will see a swift decline to 14k region
with a small reaction 19325.
4hr timeframe is showing bull div, IF it was to play out i would expect a small rally to the daily 50 ema at 0.5 fib 22320
this depends on the time taken as the daily 50 ema keeps decending this will be another good shorting opportunity.
Not financial advice
Marked on the chart are the resistance levels price action would encounter if it goes higher
The key support holding price action up is 19740, losing that support level i believe will see a swift decline to 14k region
with a small reaction 19325.
4hr timeframe is showing bull div, IF it was to play out i would expect a small rally to the daily 50 ema at 0.5 fib 22320
this depends on the time taken as the daily 50 ema keeps decending this will be another good shorting opportunity.
Not financial advice
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