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Monday, November 7, 2022

BTCUSD H4: BEST level to SHORT HIGH / BUY LOW 20%+ gains(SL/TP)

BTCUSD H4: BEST level to SHORT HIGH / BUY LOW 20%+ gains(SL/TP)

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

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BTCUSD H4: BEST level to SHORT HIGH / BUY LOW 20%+ gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

๐Ÿ”ธ Summary and potential trade setup
::: BTCUSD H4 chart review
::: compression in progress
::: distribution/limited upside here
::: short-term bounce(WEAK)
::: however HEAVY S/R at 22 000 / 22 200 USD
::: no upside in this market / RED November 2022
::: expect rips/rallies to get sold near 22 000 USD
::: WEAK BOUNCE in progress now
::: 22 000 USD heavy/fresh SUPPLY ZONE
::: No upside / no valid setups for BULLS
::: Also STOCKS/NASDAQ - weak charts
::: get ready for FRESH wave of selling
::: BEARS should focus on SHORTING RIPS / SHORT at market
::: TP BEARS based on measured move 17 000 USD
::: BULLS should focus on buying low later
::: expect FAKE breakdown of key S/R
::: near 18 400 USD BEAR TRAP
::: sequence of lower highs as well
::: so expect RIPS/RALLIES to get sold
::: to complete the sequence
::: near 17 000 USD later in November
::: recommended strategy: SHORT SELL 22/22300USD
::: BEARS TP1 18 000 USD TP2 17 000 USD
::: BEARS SHORT/HOLD from overhead resistances
::: expecting fresh DUMP
::: good luck traders!
::: SHORT/HOLD and get paid. period.
๐Ÿ”ธ Supply/Demand Zones
::: N/A
::: N/A
๐Ÿ”ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP/17 500 USD
::: Sentiment short-term: BEARS/DUMP/17 500 USD

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