Btc is on the 2 trend line, I am shorting bitcoin when this trend line breaks. I closed my short trade when it broke the high, but will open it again after the 2nd trend line breaks. The problem when we see a top of a trend that was very bullish is that the market just does not allow the trend to be broken without a fight. On the day chart the bullish trend is still in play. Support on the day chart is at 6540 and 6200!
Support 7128 and 6880 and 6500.
Resistance: 7400. I will be looking to short more at that level.
- This reply was modified 1 year, 3 months ago by AndreSnyman.