BTC 6400-6600 Possible Reversal Zone

2019年5月9日

We all have seen this pattern before. The price drops significantly, the comes back to where it dropped, stays there for a bit and drops again. I placed that trendline there because I believe we will see a quick touch there or over the trendline. I see 6400-6600 as a reversal zone but it's also possible to happen right now because the price is facing the 2018 support which is now resistance.

Overall, personally, if I would enter a short right now my SL would be large.

What do you think?