JimmyRuss

BTC Short

Short
BITFINEX:BTCUSD   Bitcoin
Big picture; Wedge pattern looks to be playing itself out.

FIb retracements/psychology indicate strong resistance at 9k level. Price is still within pitchfork and ranging within its channels. Another pull back from 9K as shown on the chart before any sort of bull run takes off would be healthy. I am currently still bearish on BTC until this wedge finalises and takes a direction.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.