BTC Bouncing Bear

The bear is bouncing this weekend.

Targeting c. $3750-3900 partially due to a bounce from the retest around the 3500/600 support level and further compounded by high st traders closing their shorts on Friday.

There is still huge mac-d divergence which needs resolving and potential H&S formation to complete on lower and higher time frames.

Looking to refull shorts at that level A break of 4100 would be bullish and invalidate this trend.

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コメント:

there may be another opportunity to short at 3850.

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Closed at 3950

Posting new idea. this bear is about to be squeezed.