Bitcoin
Short
Updated

Bitcoin short - midterm sell

409
This midterm trend reversal could make price action trade lower, there is a trendline break downwards, sell positions, if channel breaks it give us more confirmation, the current POI level has been traded earlier it is in confluence with 61,8 fibonacci retracement, the 2 targets lower(green lines) are theoretical take profits areas.

Good luck and good trading, this is not financial advice this is solely my own analysis!
Trade active
Consider waiting for more confirmation like a strong break of structure there.
Order cancelled
if you entered any trades closing them would be advised right now.

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.