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PrimedGroup
Jan 16, 2021 11:45 AM

BTCUSD weekend short [16.1.21] Short

Bitcoin / U.S. dollarBitstamp

Description

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.
Comments
reiiss7
Nice one. Do you think we will see sub 30k over the next couple of weeks or 30k+ a rebound back up to 40k+?
PrimedGroup
@reiiss7, I thik we might just see another bull push before the correction takes place. I say that based on this
importantCode12562
great
PrimedGroup
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