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harisonhbn9718
Apr 30, 2021 12:40 AM

Short Position: Bitcoin make pull back in the resistance of $55k Long

Bitcoin / United States DollarCoinbase

Description

At the moment, Bitcoin it's the only cryptucrrency that could to down than others. if we see. the Bitcoin Dominance it's drop agains the altcoins. For that, Ethereum, Cardano, XRP or Chainlink are a good example that they upward in this altseason that I believe that we entrying right now. I put a sell order limit at $54,000 USD to sell Bitcoin toward the main support $45,000 USD. If in any case, if Bitcoin just make support for second time in the level of 48K approximately and make any rejection, so the bearish rising wedge could be invlaided and we can to form any bullish channel. For that, a lot eyes in the 48K level if continue down or any rejection, becuase in that point could be a hide support into the trend.

s3.tradingview.com/snapshots/1/1yK52GST.png

Now, looking in Daily panoramic, the Daily candlestick it's show that Bitcoin could to weakness. That candlestick patttern it
s called Evening star, and that show that the trend could to continue down.

Guys, if you think that this idea it's going to support you, please hand up and share this analysis with others traders.

Comments
watchtrend
Thanks for your idea.
Bitcoin looks to go to our main target 59K, there is no reason to sell btc, as whales will rebuy it back to increase trend, we did saw this more times. there is huge interest by buying and big wallets full more and more.
harisonhbn9718
So,Bitcoin form a bullish shoulder head shoulder inverted. this its a bullish pattern. I closed up my posirion wirh some loss. Well, we hope a next long position now
Oacen
seriously after 10 hours of btc dumping you tell us that it will go down>?

and you think that coinbase and binance will let you short this?
it will go up for 1 second just to liquidate you...
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