Bitcoin / TetherUS
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Bitcoin + Short Position

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𝕄𝕒𝕣𝕜𝕖𝕥 𝕊𝕥𝕣𝕦𝕔𝕥𝕦𝕣𝕖 𝔹𝕪 𝕁𝕠𝕠𝕡
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Update on Bitcoin + Short Position

Bitcoin has broken out of the rising wedge (bearish pattern) → in a retest = relief rally

Short position:
I already opened a short on the retest of the yellow line & gonna add more at II more stages (marked in red)

Rsn:
1. Yellow line = resistance
2. 200 EMA = psychological resistance
3. First red line = daily pivot on daily chart
4. Low volume (red arrow)
5. Positive funding rates
6. Divergence on 4hrs time frame (RSI)

Caveat: Not a signal - Just sharin how I’m lookin at the chart
Stay blessed

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