BitcoinUpdated Shorting 61,700$ bitcoin to 53k
Tight stop above 62k.
Daily candle close resistance line.
Previous resistance before all time highs.
If it falls to 53k I believe this is the final top. 53k was the high we made a few months back. Expect it to be short term support before we drop again.
If it goes over 62k I'm probably done looking for bearish opportunities for a while. I really don't think we're bullish because too many newbies are bullish. I feel they must be punished.
Never follow the herd.
Daily candle close resistance line.
Previous resistance before all time highs.
If it falls to 53k I believe this is the final top. 53k was the high we made a few months back. Expect it to be short term support before we drop again.
If it goes over 62k I'm probably done looking for bearish opportunities for a while. I really don't think we're bullish because too many newbies are bullish. I feel they must be punished.
Never follow the herd.
Note
Updating my short. Going to stay in it for a while past 55k. Hoping to see 35k in a week or two and i'll close there if it happens. I think it's possible we are going to go down more violently than i originally thought now.
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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.