Going Bearish on BTC
Here I've shared my view on BITBAY:BTCUSD.
I've marked some key levels and trends using Fibonacci and Trendlines.
Its very likely that price of 40,000 USD will be breached for a short time wiping out stops and then we'll see a small downtrend beginning with a correction. The price will likely fall to 26,000 and when that Green Trendline will be breached the price will fall all the way to 18,000 USD.
NOTE: Going short on any underlying security has a limitless risk of losing money
I've marked some key levels and trends using Fibonacci and Trendlines.
Its very likely that price of 40,000 USD will be breached for a short time wiping out stops and then we'll see a small downtrend beginning with a correction. The price will likely fall to 26,000 and when that Green Trendline will be breached the price will fall all the way to 18,000 USD.
NOTE: Going short on any underlying security has a limitless risk of losing money
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