I believe that Bitcoin cannot hold up here for long, so you can short this area.
If you want to be safe, you can wait for this pattern to develop more. I could see another small move past a previous high after positions start building on Bitmex, so make sure you are prepared. In the short term, there are people placing limit buys above previous resistance, so it will likely consolidate up here and could even move higher.
Thanks for viewing.
However, I stand by my bearish stance. The thing I did not expect was the massive pump ether had today.
I've stopped posting because I don't feel inspired to do so anymore.
I've always been a scalper and never relied solely on swing trades, but I only post these swing trades because tradingview does not support short timeframe ideas. I have tons of private ideas nobody ever sees because I post them only for myself.