2 Weeks ago Btc is rallied and break the previous $4200 Resistance and touch the $5300 area.
And after one week of sideways. I see a probability for BTC to drop to certain level , because
1.BTC unable to hold the $5200-$5300 level
2,That grey channel on the left already broken by the price.
3.A signal confirmation on the right already formed
So i think Short BTC with Stop loss a little bit above of $5200 area and TP level at Red Horizontal Lines will be a good risk and reward ratio
Best Regards
And sorry for my grammar
And after one week of sideways. I see a probability for BTC to drop to certain level , because
1.BTC unable to hold the $5200-$5300 level
2,That grey channel on the left already broken by the price.
3.A signal confirmation on the right already formed
So i think Short BTC with Stop loss a little bit above of $5200 area and TP level at Red Horizontal Lines will be a good risk and reward ratio
Best Regards
And sorry for my grammar