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BTC/USD Short Position at 11,7k$ Multi year Support & Res

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Bitcoin has topped out at 11,7k$ from the multi-year Support and Resistance

If bitcoin can handle this daily candle close above 11,7k$.
We might see the new resistance at around 13-14k$ (Watch out these level too)

Bitcoin Still bullish unless drop below 6k$ we might see couple months of bear season. This is the corrections of Elliot-Wave from Wave 3 to Wave 4 before massive bullrun and making a new ATH levels.

*DISCLAIMER ON
Not
$ 8,500 Will be the Take profit area.

Consider to make it higher because there will be Huge Demand in psychology levels.
Not
$ 9,500 (TYPO)
Not
Hit the first dump at 0.236 Fibonacci Level.

From 11,7$ to 10,8$ = 7,69% with no leverage.
Not
The lowest so far from the positions is 9875.

Patience is the key

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.