I think that bitcoin will not go through the inner trendline's resistance (237$). If it doesnt break the resistance im aiming sub 200.
- It's testing the top right now, but looking at the previous tested points it's a 1/3 chance to break the resistance. If it breaks It will probably test the 265-270$ area and magic stuff might happen if it breaks through that.
- By looking at the daily MACD, it's clear that it just crossed bullish but it could be fake again. Look at the bullish cross at the 4th of april.
For now im betting short with a stop just above the inner trendline (around 238.5) but im more or less hoping to sell the pullback, if it breaks.
Good luck everyone!
- It's testing the top right now, but looking at the previous tested points it's a 1/3 chance to break the resistance. If it breaks It will probably test the 265-270$ area and magic stuff might happen if it breaks through that.
- By looking at the daily MACD, it's clear that it just crossed bullish but it could be fake again. Look at the bullish cross at the 4th of april.
For now im betting short with a stop just above the inner trendline (around 238.5) but im more or less hoping to sell the pullback, if it breaks.
Good luck everyone!