BTC Short Idea
BTC had a nice recovery today along with the rest of the market, but like many things, it is back to critical resistance and I expect a failure here. This 57.7k level was previous support from early August and this is the first retest since breaking below.
Final downside target would be around 50k and then we can see what happens from there. If it does break to the upside, I have supply up around 61k-62k that I think might be another good spot to expect a rejection.
Final downside target would be around 50k and then we can see what happens from there. If it does break to the upside, I have supply up around 61k-62k that I think might be another good spot to expect a rejection.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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