BTCUSD Short?
We aren't supported on 200EMA on 4 hour timeframe.
There is also upper resistance right above us on that symmetrical triangle/descending triangle or whatever it'll be.
If we are to break 11,000 resistance, we are likely to see 11,500.
This isn't looking very bullish now as we can't stay above 200EMA on 4hr, so we won't probably see any major bullish cross.
But things can change very fast, this is bitcoin. Be prepared.
If this is about to break to the downside, my first target will be 10,100-10,200. Next all the way down at 9,400 support.
There is also upper resistance right above us on that symmetrical triangle/descending triangle or whatever it'll be.
If we are to break 11,000 resistance, we are likely to see 11,500.
This isn't looking very bullish now as we can't stay above 200EMA on 4hr, so we won't probably see any major bullish cross.
But things can change very fast, this is bitcoin. Be prepared.
If this is about to break to the downside, my first target will be 10,100-10,200. Next all the way down at 9,400 support.
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