BTC Short Idea to $46K - Buyers Beware

15 Mar 2021

Bitcoin experiences rejection after hitting long target key noted in idea below. We see strong wick rejection has trapped some buyers as Bitcoin descends to correction to possible 46K and maybe below. Buyers beware. For demonstration and educational purposes. Please refer to the linked long idea below, where price has hit both targets.

16 Mar 2021

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Price is resting at key zone in the market. Although we are experiencing some bullish movement, keep in mind that a correction is not out of the question. Watch price action between 57K and 58K for signs of rejection (further selling) possible.