BTCUSDTHello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
BTC has reached the $42400's resistance zone and it becomes with great opportunity to take Short on $BTC. $42000's is the weekly level that we pointed to recently...
So This's the reason Why I comes-up with a Short again !
Also, Exchange Flows had a huge drop in address count since beginning April 2022.
"Historically, a huge drop in address counts (inflows & outflows) lead to a significant price correction for $BTC."
Trading setup :
🔻 Entry Pointes : $42000 - $42400 - $42800
📍 Targets : $40600 - $39200 - $37000 - $35000
🟥 Overall stop-loss : $43700
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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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.