BTC is ranging between 3 main levels:Range-high: 51850
Range-mid: 49560
Range-low: 45500
After making its sec HH, BTC bulls couldn't break above $51k to claim the $53k and get a healthy weekly close! The structure was very clear, a triple top pattern. Bulls took profits and they will buy back at a cheaper price (42k-45k)
With
BTC daily close below range-mid, we expect price to hit range-low and see a bounce from 45k-46k, otherwise we fill the 42k daily candle's wick if this H&S scenario played out.Trade closed: target reached
TP hit, closed my short trade, a bounce from the support is expected. Follow me to get notified whenever I post a trade setup.
Trade closed: target reached
It was a very clear move, BTC testing the 
46K support many times indicated the bears strong desire. Congrats!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.