My Short-Term Position on Bitcoin - Short towards $7,500.

2020년 1월 12일

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: