BTC immediate downside risk to 48k Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 6, 2021 7:20 PM

Ascending wedge on STF
Downside target is 48k
Would bring BTC price back to the lower end of current range in which it has been trading sideways
Immediate short opportunity from 49.5k to 48k

Comments

cryptodoc76

⋅ Dec 6, 2021 7:41 PM

Let’s see guys - it’s looking likely to break down but hopefully it could also break up with target of US51k 😎

cryptodoc76

⋅ Dec 7, 2021 3:22 AM

@cryptodoc76 well we had both a downside breakout and then recovery to the upside - good for BTC and nice to play the short and then flip to long 😎

Xephates

⋅ Dec 6, 2021 7:40 PM

Indeed

metza24

⋅ Dec 6, 2021 7:40 PM

Finished with down for now:)