BITCOIN FALLING? - SUPPORT AND RESISTANCE -
I'm guessing that the price falls below 9400$ we can break the first trend and goes to the first supportline at 8.2k-8.7k. Of coruse, that is a big gap. But does it falls threw that, the new second supportline is at 6.5k-7k. Does it also falls below supportline 2 we have a small but neraly no resistance and will land around 3.9k-4.4k.
So what would I do right now?
I would still wait to 26 may to see if the trend still continue above 10k and starting a new supportline. If it dropps to 9300-9200$, i would probly short 25x to 8.8k and make a stop-profit. Also check if it falls fast or slow. If it keep itself in the supportline for around 1 week, i would not trade. But if it falls faster the 2 days, i would make a new short from around 8.4k with 10x to 6.8k.
What do you think? i'm a totally wrong?
Lemme hear you out, like this if you want to see more! :)
Over and out,