The BTC price is going upward last few days. It almost reached a structure high at 11765, which act as a resistance level. The buyers is going to liquidate positions to lock their profits and the sellers are going to enter at that structure high. Those scenarios will most likely drop the price down. Structure analysis, & gartley pattern both provides a good probability trade to go short. T1 - 38.2 T2 - 61.8
Comment
⋅
Nice move bitcoin. Sellers are in control of the price. The price is getting close to my T1.