BITCOIN SELL TRADE IDEA

5 Ara 2021

I'm currently favouring a Bitcoin Sell - Overall price is in a clear uptrend however price is currently rejecting the 50% retracement level and feel there is room for price to my Daily trendline at 42500ish before resuming in Bullish momentum again. Im looking to enter at 48200 and stack a 2nd entry at 46200 and ride the trade down.

Currently on the Crypto Strength Trader Bitcoin price is negative and indicates a strong sell and the Dollar is strong which is positove for this trade.

Any thoughts on this analysis will be greatly appreciated :)