Bitcoin / TetherUSShort
BTC: MORE DUMP AHEAD!!
Updated
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Welcome to this quick BTC update. In my previous BTC update, I clearly mention that BTC is at resistance so do not hold your longs and book profits in your long position. Hope you guys listed and save yourself in this dump.
Now, what's the next possible scenario from here?
BTC is forming an ascending broadening wedge-like structure in 2hr time frame which is generally a bearish pattern. After breaking down this broadening wedge, it is currently retesting it. So after this successful bearish retest, I'm expecting more dumps from here.
Invalidation:- Break and close above 21.1k will invalidate this bearish broadening wedge scenario.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update. In my previous BTC update, I clearly mention that BTC is at resistance so do not hold your longs and book profits in your long position. Hope you guys listed and save yourself in this dump.
Now, what's the next possible scenario from here?
BTC is forming an ascending broadening wedge-like structure in 2hr time frame which is generally a bearish pattern. After breaking down this broadening wedge, it is currently retesting it. So after this successful bearish retest, I'm expecting more dumps from here.
Invalidation:- Break and close above 21.1k will invalidate this bearish broadening wedge scenario.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Trade closed: stop reached
Invalidated.
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