Bitcoin (BTCUSD) Bitcoin may be rejected at 8600+.
After consistently being wrong about Bitcoin price movements, (as I had the bear market mentality), I decided to stop posting bad charts and just scalp/trade without sharing any ideas. It took a lot for me to post this chart today, but I will post my previous private charts in the related ideas section so you can see my previous thoughts. I only decided to post this chart after I felt more confident about myself.
Right now Bitcoin has moved upwards after a massive dump, but there is significant traded at 8600+, which should be resistance and could lead to a bitcoin drop . However, as this is a bull market, there is a high chance for it to just keep on heading up and ignore everything.
I have placed short orders from the current price to 8800 with the hope of Bitcoin being rejected.
Thanks for viewing! Posting another idea after repeated failures of ideas seems like the wrong thing to do, but I decided to post my current thoughts, and I happened to think this was . I was at 7800 before the move upwards, so it's not like I have a permanent bear bias. I am actually very on bitcoin in the long term, as you can see from my longer term ideas.
No matter how Bitcoin reacts this trade will be closed in profit.
This could go lower, so I want to hold some of my original position to be safe.
Entire trade fully closed