karim-alpan

BTCUSD SHORT 4H CHART

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Possible sell entry!
Daily Resistance - 9536.43. I personally don't think price will break above this.
Price has broken the 4h trend line after previously respecting it several times.
I'm expecting price to come back to the VERY top (roughly 9506.77) to confirm a double top OR price to retest the broken structure level at (roughly 9422.37) and show confirmation of a missed double top - BUT, a reversal indication to the next key level (roughly 9088) - TP1. TP2 - 8734. TP3 - 7547

*This is my view, based upon the daily resistance rejection, the daily trend line being respecting, the 4 hour being broken with STRONG wick rejection.*

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