fernandoc17

BTCUSD still short ( Updated idea)

Corto
BITSTAMP:BTCUSD   Bitcoin
Hi there
BTCUSD went a little bit higher than previous 52k target mentioned, to hunt liquidity from sellers and grab from buyers, as some bought the top thinking it was a breakout.
This fast drop, was to make sure a lot of buyers got stuck in prices arround 48-49-50-52k, so this price BTCUSD wont visit it back as they would breakeven their positions, so this will be a massive resistance which price wont break.
Now look for corrections only at smaller timeframes , and follow the drop-

Target still 20k, maybe lower.

Good luck

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