chartguyshakir
Short

Technical analysis using Trend lines and S/R levels

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
As we can see in 1D chart we are clearly in a Symmetric triangle.
Its target on the upside is 5700 $ (less likely),
and on the downside is 2550$ .

Now , lets us analyse the current situation,
we can see in 4H chart we had a whooping 350$ - 400$ pump
after breaking the falling wedge .
It wants to test the 3800$ resistance (more precisely 3789$)
but the bulls look weak in the current stage,
we can see a retracement till 3485$ - 3468$ before heading upside to test 3800$ resistance.

CURRENT BATTLE PLAN ::
we are shorting from 3600$ - 3630$

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