BitcoinShort
BTC TO FALL TO $60,700 WEEK OF 9/22/24
Updated
I Project that BTC has completed it's 5 wave pattern to re-test the 200 SMA salute line. I now expect a 3 wave patten to begin with initial target at $60,700.
The evidence for the 200 SMA salute is on the 4 hour chart time frame for those who understand candlestick reversal patterns.
Cheers and happy trading guys
The evidence for the 200 SMA salute is on the 4 hour chart time frame for those who understand candlestick reversal patterns.
Cheers and happy trading guys
Trade active
Please if you are following my Trade idea, watch a break above the 200 SMA, this could signal a change in momentum and direction so adjust trade accordingly. There is a bullish pennant structure on 4H with a target of $68,285 on the charts as well.
I will personally close any shorts and go long if 4H double tops is nullified.
Trade active
Divergence spotted after price tests above double tops on 4H, Short target still in view.Trade closed: target reached
Wow!! Target hit on spot. I will evaluate the set up and post next moves soon. Stay updated!!!
cheers !
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