Bitcoin - Just a simple technical view
The idea is based on the Elliott Wave Theory. The upward movement looks like a corrective structure in the form of ABC wave. There is a possibility of the correction being extended (if the price breaches 1.618 fib level), but the current structure has a decent R:R to consider shorting at this level.
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.