Chartmanderr

Bitcoin (XBTUSD) Bitmex

BITMEX:XBTUSD.P   Bitcoin
The struggle is real, bulls keep on squeezing. I am not bullish on Bitcoin at this point. The volume stinks and is getting lower and lower but the price is moving up. I see two potential targets before the bears step in. It looks like bearsss are luring in buyers with this move upwards but it looks so weak. I am not bullish until we past the resistance at 7100-7180 level. I would be looking at shorting opportunities at that resistance level and see what happens. Currently I would stay out of trades at this zone.
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.