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May 9, 2019 1:26 AM

BTC 6400-6600 Possible Reversal Zone Short

Bitcoin / DollarBitfinex

Description

We all have seen this pattern before. The price drops significantly, the comes back to where it dropped, stays there for a bit and drops again. I placed that trendline there because I believe we will see a quick touch there or over the trendline. I see 6400-6600 as a reversal zone but it's also possible to happen right now because the price is facing the 2018 support which is now resistance.

Overall, personally, if I would enter a short right now my SL would be large.

What do you think?
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