BTC/USD Short Idea
Recently we saw bitcoin reverse in to a bearish trend (at resistance at about $4400) and the trend reversed once it reached the previous support of approximately $3900.
I'm expecting bitcoin to test this previous support level of $3900 once more and either continue the bullish trend if it bounces up from there. Or we can possibly see a bearish trend if the price dips below the support of $3900, in that case bitcoin would then test the next support level down. Confirmation of the trend is required before making any trades.
I'm expecting bitcoin to test this previous support level of $3900 once more and either continue the bullish trend if it bounces up from there. Or we can possibly see a bearish trend if the price dips below the support of $3900, in that case bitcoin would then test the next support level down. Confirmation of the trend is required before making any trades.
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