Looking for a bounce on bitcoin within the next week hopefully back up into a death cross , where i will be shorting heavily with stops above top trend or high timeframe closes above the 50/200sma's
Targets around $4800-5000
Targets around $4800-5000
Trade active:
Got the bounce , have now started in short , will be adding up to 9400 ish area
Trade active:
The quicker the fall the harder the bounce will be , if it keeps up with this pace i am looking between 4500-5500 to cover , pending on orderbook and price action leading up to it .
Trade active:
Taken some off at 6600 , will be adding back on any bounce tho
Bottom trend looking fairly weak , bounces are short lived across the whole crypto market , i can see some fast downward moves coming in the future .
if we hold and bounce i will be adding more short into it , otherwise letting it ride.
you could also draw the bottom trend from the 3k low , which will make the trend line a little lower then the one pictured .