We have been consintently Downtrend since june 14th. Meaning the bears have strength for now. I would love to see a retest of 30k, to confirm that support zone. Also I believe cycles , So its my opinion that we cannot have any meaningful rally till the 14th of july. Trade responsibly and goodluck in the markets.
Comment:
So if bitcoin is able to break 35k and hold it. I will close the short position and take the loss. Always protect your capital.
Trade active:
Now we saw a very nice rejection at 34716.55, Our short position holds until we retest 30k or the market shows us otherwise.
Trade closed: target reached:
A nice small profit that in the short and now we have more money to play with
Comment:
Remember on the concept of cycles. We called a short breakout to the upside after 14 july