Bitcoin forming a bearish rising wedge in 3 Daily timeframe and we ending with a bearish hammer candlestick, indicating sell-masive incoming. The exactly price was a rejected of $24,500 USD. And bears are taking control of the trend. I open a short position now in Bitcoin around $23,533 USD, Stop Loss to $27,600 USD and my personal take profit to $15,800 USD.
This it's a risk/benefit 1:2.
It's very important to look the things in the economical world as FED continue strength the U.S. Dollar worth what this will be a big trouble for assets and currencies vs. Dollar correlation.
I hope that this idea and analysis support you!!!
Good luck shorting Bitcoin!!!
Remember take control of your risk management, it's important for your trading!!!
This it's a risk/benefit 1:2.
It's very important to look the things in the economical world as FED continue strength the U.S. Dollar worth what this will be a big trouble for assets and currencies vs. Dollar correlation.
I hope that this idea and analysis support you!!!
Good luck shorting Bitcoin!!!
Remember take control of your risk management, it's important for your trading!!!
If Bitcoin closed up with a strong bearish candlestick, we could to expect a crash of 50%. This it's a capitulation o the crypto-market