As you can see, BTC's previous fall from $63k level, we can see some similar pattern. First a huge dump, then forming of some symmetrical triangles, then a false recovery, then going more down.
We can see the same thing is happening. Maybe it is a short term bearish movement but it is a bearish movement. Market has lost it's momentum. Market cap is down. RSI & MACD is showing a bearish pattern. Bitcoin may retest the R1 and R2 resistance level soon but if it don't, If the price pump to 50.0% and 61.8% level then we can see the bullish momentum again.
I am taking risk. I am shorting.
Shorting at, $46300 level
Take profit: $43800
Stop loss: $47000
Levarage: 5x
We can see the same thing is happening. Maybe it is a short term bearish movement but it is a bearish movement. Market has lost it's momentum. Market cap is down. RSI & MACD is showing a bearish pattern. Bitcoin may retest the R1 and R2 resistance level soon but if it don't, If the price pump to 50.0% and 61.8% level then we can see the bullish momentum again.
I am taking risk. I am shorting.
Shorting at, $46300 level
Take profit: $43800
Stop loss: $47000
Levarage: 5x