chrycrypto

My idea on #bitcoin

BITMEX:XBTUSD.P   Bitcoin
We are at resistance, pretty strong and perfectly defined by the Fibonacci level. An area of supply was expected there, so the first rejection was logical. A bearish scenario would have expected $btc to crash after the rejection, or at least after the retest but 2 attempts to dump have been immediately bought up. This doesn't mean that the price can't decrease of course, we are still at resistance, but personally, I would not be too comfortable in a short atm. A break of 6250$ would lead at least at 7k but I think 8k is also likely

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.