A good short side trade is forming in Bitcoin. Traders should read this post quickly and if you understand my analysis then don’t miss this trade.
Bitcoin is currently at $90K and on the 1hour timeframe it has made 3 big red candles. The current bias is bearish.
Bitcoin is at its support level and is testing it but the volume is weak because of which the price can go down.
There is also a gap at $88K which must be tested. Or in other words you can say that there is big liquidity there which it will definitely grab.
So in this situation a short side trade is forming. I think that from here Bitcoin will go down and can reach $88K.
Therefore if anyone wants to take this trade they can follow this signal. However, I will not be responsible for profit or loss. Before taking any trade make sure to do your own proper analysis.
THANK YOU!
Posted Using INLEO