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Short Bitcoin if it breaches this support!
#bitcoin #btcusd #crypto #cryptocurrency
Enter this trade only with confirmation. 29k is still holding strong so you would not want to enter until you see a candle close below 29k on the 4hr. This market is extremely bearish and so I throw this trade out there for all of you who are bears.
Upon entering your short position, your target would be $24,200, which BTW, is also the target down of that HEAD AND SHOULDERS pattern I drew so many months ago! Yikes. You’d want your stop out somewhere above that 30k resistance for a 3 to 1 or more R/R. Again, please wait to enter such a trade only when that 29k support is broken and a candle close below it on the 4hr.
If the support holds, I may throw out a long opportunity. Of course, only for the most hardy traders among us. Lol.
Best to you all!