Bitcoin showing signs of weakness on lower time frame
Finally we get the much needed pullback on bitcoin.
Price has been consolidating around 11k and has finally shown a clear rejection from the resistance zone marked in red. Expecting a sweep of the lows near 10300 level, will reassess the situation on taking long positions once we revisit 10,260$ level.
Invalidation level for short trade- close above 11110$.
Keep it simple in the meantime, cheers!!
Price has been consolidating around 11k and has finally shown a clear rejection from the resistance zone marked in red. Expecting a sweep of the lows near 10300 level, will reassess the situation on taking long positions once we revisit 10,260$ level.
Invalidation level for short trade- close above 11110$.
Keep it simple in the meantime, cheers!!
Penafian
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