BTCUSD H4: Symmetrical triangle BEARS 9600 USD(SL/TP)(NEW)
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BTCUSD H4: Symmetrical triangle BEARS 9600 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTCUSD 4hour chart review/outlook
::: currently price is stuck in range
::: symmetrical triangle in progress
::: downside breakdown more likely
::: price came from above
::: therefore expecting breakdown
::: BITMEX trouble also a major
::: driver in bearish PA now
::: most likely: DISTRIBUTION
::: get ready to SHORT IT
::: 9600 target bears
::: based on measured move
::: that's where you want to SHORT IT
::: currently trading near range highs
::: shorting near range highs makes sense
::: TP BEARS is re-test of range lows
::: TP is 9600 USD
::: recommended strategy: SHORT IT / SHORT rips/rallies
::: TP 9600 USD
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/9600 USD
::: Sentiment outlook short-term: BEARS
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