Bitcoin
Short

is bitcoin going short after new record since 2021 ?

By omeramran67
Updated

BTCUSD - SHORT

enter price -65287.93
stop loss -70458.53
take profit -54892.82 (is it possible ?)
(4h) (daily) (weekly)
worth testing |;
DETAILS: after new record since 2021 the price got affected from strong resistance area the price tried to go higher and couldn't make it.
big bearish candle came right after with strong volume and got affected well from the resistance area .
now just waiting to see how strong the downtrend will be (in 2021 the price went to 50k ,
3 weeks later )
Comment
the price went back up and broke swing 10 high indicator at 4h timeframe and is now inside the strong resistance area , don't think its gonna last long up there
Comment
if someone has different analysis I would like to hear it
Comment
the price broketraingle and the swing 10 high at 1h with strong bullish candle and strong volume , the price handle the resistence area that was made by the last price recored well
Comment
are we expecting new price recored ?
the Throwback will happen sooner or later
Comment
the price will get to 72k roughly (probably will cross the SL) and then go down
Trend Analysis

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