Bitcoin seeing rejection from my upper log trend line, linked with bearish divergence means we could see lower price on bitcoin. First target would be 9565. If it makes it above the trend line I think we are going to continue up. I am not an expert but here is my idea.
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I'm looking for a bounce from the lower trend line in purple around 8950 if we get there. If we break that trend line then we are going lower and I am not sure when it will stop.
Comment:
We just bounced off the lower trend line in purple, will be interesting to see if it holds. Pretty successful short almost a $1000 move.
Trade closed: target reached
