Bitcoin - Shorting Opportunities Nex Week
Bitcoin has been trading in range (3110 - 4200) since November 18. From the long term perspective, price breaks above or below the range would indicate a strong bull or bear run respectively.
Lazy Trend:
Daily: Bearish (no change)
H4: Bearish (no change)
H1: Currently bearish
My strategy next week will be focusing on scalping on 5-min timeframe based on Lazy Trend Signals with bearish bias (follow the H1 trend closely).
Lazy Trend:
Daily: Bearish (no change)
H4: Bearish (no change)
H1: Currently bearish
My strategy next week will be focusing on scalping on 5-min timeframe based on Lazy Trend Signals with bearish bias (follow the H1 trend closely).
H4 Timeframe is still bearish. 3110 will be the immediate support.