Ideal entry for BTC short

29 เม.ย. 2020

We've seen a 100%+ recovery after the capitulation drop however in my opinion we are still very bearish.

1) Still within the daily downtrend
2) Retracement to fibonacci honey hole
3) Rising wedge pattern
4) RSI divergence on lower time frames
5) Look left resistance zone

In conclusion I am short on Bitcoin, looking to take initial profit around 7100 with continual reassessment.

Good luck in your trades!