My Short-Term Position on Bitcoin - Short towards $7,500.
I think before we get another rise in the price of Bitcoin, we should get a pullback towards $7,500. Especially if price remains under the $8,100 resistance and breaks the lower part of the channel (indicated in green trendline) downwards.
I am still watching the price action before getting into this trade but this is my setup and feel free to contact me if you have any questions.
Note: entry and exit doesn't have to be perfect.
Screenshot of 4H Timeframe:
I am still watching the price action before getting into this trade but this is my setup and feel free to contact me if you have any questions.
Note: entry and exit doesn't have to be perfect.
Screenshot of 4H Timeframe:
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