Bitcoin Macro Support and Resistance. Down trend for halving?
232
When looking at the weekly we clearly have some very old, strong fractals. Remember macro pattern/fractals are MUCH stronger than micro patterns. We have been bullish for the past few weeks, time for a few weeks down.
Will be holding my short for couple weeks. We might even get a break out on the bottom side. Expecting a wick out of the fractal but not a close above. If we get a close above it's likely a bull market to fill the CME gap @ 9k. This is a re-post of my previous TA with corrected top resistance.
REMEMBER Risk Management 50% of trading Technical analysis 25% of trading Fundamentals 25% of trading
Don't forget to drop a like! Feel free to engage and ask questions! Best of luck to everyone!