BitcoinShort
Bitcoin- Back to support?
On 27 September I recommended a buy trade for Bitcoin saying that the cryptocurrency could rise and test 28500 resistance.
This target was reached on Monday and BtcUsd started to drop again.
Although I had a short-term buy trade, my bearish medium-term outlook has not altered and after this new test of resistance I think Btc will roll back down to support
At this moment we have Bitcoin just above confluence support and a rebound could follow.
However, I will use this rebound for a short trade against the recent high.
My target is 25k support
This target was reached on Monday and BtcUsd started to drop again.
Although I had a short-term buy trade, my bearish medium-term outlook has not altered and after this new test of resistance I think Btc will roll back down to support
At this moment we have Bitcoin just above confluence support and a rebound could follow.
However, I will use this rebound for a short trade against the recent high.
My target is 25k support
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.