PrimedGroup

BTCUSD weekend short [16.1.21]

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I foresee a potential bearish play on BTCUSD today and tomorrow perhaps.

On the 1H chart we have plenty of reasons to be going short, and many of them are listed in the chart. Resistance levels, fib retracement, RSI and even price action which is creating lower highs.

While on the 2m chart we could be building a Head and Shoulders pattern.

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Comment: breakout of the trendline support is now valid.
Trade closed manually: Closed this one out. Getting bull indications now.
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