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Mihai_Iacob
Sep 18, 2020 5:59 AM

Bitcoin- time to sell? Short

Bitcoin / U.S. dollarBitstamp

Description

In my previous BtcUsd analysis I said that bitcoin can rise to 11k zone from 10k bottom.
Now the price is just into this zone...
With a confluence resistance given by ascending trendline and horizontal level, I expect a new leg down from Bitcoin that can bring the price under 10k to 9k support.
A sell trade around 11.200 can also have a good 1:2 R:R
Comments
Starlinkbtc
market is volatile cause of defi hype & uni token stimulus .. i wouldnt sell just buy dips
Shaila-akter
Thanks bro.
Mihai_Iacob
PolarHusk
ThanksGoodJob
Mihai_Iacob
@PolarHusk, thanks!
CryptoCheck-
Have a look at my idea Bitcoin Fib Analysis...will go higher?
CryptoCheck-
perfect idea
Mihai_Iacob
@CryptoCheck-, thanks! Is pure technical, i don t trade crypto very often, but looking at bitcoin, is very "technicaly correct":)
sushrest
I wouldn't be surprised.. if it smashes through 9k support !!
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