Bitduke

Bitcoin - Relief rally and more downside?

Short
BITMEX:XBTUSD.P   Bitcoin
Currently the price is on the cliff, tries to stay above $9000 level which has been tested many times before.

I think we still have decent chances for more downside. Short-term market structure isn't really bullish - each new local maximum is lower than the previous one.

So, I'm waiting for a scam pump over the weekend to short it short-term. Mid-term I'm still more bullish.

Hit the "LIKE" button and follow to support, thank you.

Information is just for educational purposes, never financial advice. Always do your own research.

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.