RebelSatoshi

Bitcoin Macro Support and Resistance. Down trend for halving?

Short
BITMEX:XBTUSD.P   Bitcoin
When looking at the weekly we clearly have some very old, strong fractals. Remember macro pattern/fractals are MUCH stronger than micro patterns. We have been bullish for the past few weeks, time for a few weeks down.

Will be holding my short for couple weeks. We might even get a break out on the bottom side. Expecting a wick out of the fractal but not a close above. If we get a close above it's likely a bull market to fill the CME gap @ 9k.
This is a re-post of my previous TA with corrected top resistance.


REMEMBER
Risk Management 50% of trading
Technical analysis 25% of trading
Fundamentals 25% of trading


Don't forget to drop a like!
Feel free to engage and ask questions!
Best of luck to everyone!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.