BitcoinShort
Rather bearish
Updated
Even though we have been sideways for more than a month, I believe there is a short term opportunity on the downside. The 8/1 angle on the Gann fan shown has been acting as a strong resistance and we are just touching it again. Supporting this idea is the fact that money flow is diverging.
I am not expecting much of it, but it is also very low risk with stops just above the last top and risk/reward well above 3.
I am not expecting much of it, but it is also very low risk with stops just above the last top and risk/reward well above 3.
Trade closed: stop reached
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