Bearish Retest Short

Bitcoin / U.S. DollarGemini

Description

⋅ Mar 29, 2021 1:36 PM

Careful with btc at the moment. I am not taking any positions at the moment, this starting to feel ultra bearish here.

Will need to clear my resistance area for me to change my view... starting with 58500 then 61300

Comment

⋅ Mar 30, 2021 7:19 PM

If I was in a long I take profit here.. this looks very suspect imo.

Easily see a purge to the downside here and back up.

Comment

⋅ Apr 19, 2021 5:31 PM

green box in play.

Comment

⋅ Apr 19, 2021 5:36 PM

s3.tradingview.com/snapshots/q/QmrysYnj.png

Chart Patterns Technical Indicators

Comments

jryan20

⋅ Mar 29, 2021 10:22 PM

I agree with your neutral position right, especially after the ATH break out was a failure. Todays action is promising but not convincingly strong based on volume. I agree with your first target. Your second would be eaten up pretty easily. Keep up the good work!! Happy trading.

MrPipa

⋅ Mar 30, 2021 1:27 PM

@jryan20, likely it would get eaten up. its an area of interest for me, so I have to highlighted it.

However if we get that low, I do expect bounces to occur between 31-35k. Just higher up retests and confirmation of the new bearish trend.