Sell opportunity on Bitcoin

6 dic 2022

Looking at Bitcoin, we can notice a rising channel mentioned inside a bigger rising, showing a clear bearish formation. A possible senario is a clear break below the small rising channel, followed by a break of the bigger channel targeting 15700$. Second senario is that price can retest the resistance line of the mentioned channels before moving down, giving us a good entry to go short with an invalidation incase breaking the mentioned resistance.

Already shorted Bitcoin @17300$, profits will be secured @16500, aiming for 15,700$ as a target, risk is managed.

Good Luck!