In my last update (link below) I said that 21,468 was a major high and that if you wanted to open shorts, wait for a retest of my resistance area at 20.4-20.8k
As you can see on my chart, we got offered a beautiful reset of my area before dumping and breaking the lows like we expected.
Now, BTC still has more downside, the first level I'm going to be looking at is 12.6k, then 11.4-11.9k
Any questions?
Good luck traders Remember not to break your rules
Good morning brother. What would be a good entry point for short now? Thanks a lot
Habib0601
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@tahmidshahid, Heyy how are you doing? I personally wouldn't short here as the levels before the drop were very clear, and the percentage moves now are getting very big, so it's much harder to scalp. However, we have some resistance around 18.2k, you can wait and see if we get a reaction at that level.