BitcoinUpdated XBTUSD: Expecting more downside, after many failing retests.
Expecting to see something like this over the next few days, as we continue to see bearish retests of former support now flipped to resistance. Shorts can be dangerous here, I'm focusing on catching longs on the levels on the way down. If I'm going to short at these levels, I want to catch the top wick or nothing.
Note
well, looks like I underestimated the time it would take on that first candle, we'll see if we sweep those other highs before further depths
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Disclaimer
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.