Although Bitcoin and several crypto names went on a pump on etf news. There still a ton of downside that is likely to fill as we examine structure.
80-85 strong overhead resistance.
Still trading within our strong weekly bearish engulfing candle (5 weeks now)
Potential Bear Flag Under Resistance
Next level of support is around $50.
I would like Nov 24-Dec 1st puts to come active on this next week as we head into NFP.
Ideal entries back around 80
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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.