Just my thoughts on a potential downside for bitcoin
for the next week or two. Looking for a decisive downside break of the short-term uptrend and the neckline of double top
. This would give double confidence of a move to the downside with a target price of $5900. I, personally, will be closing portions of position anywhere in the range of $6100-$5900 unless technicals tell me otherwise.
STOP: $6440 (1% loss)
CLOSE: ~$6000 (5.8% gain)