Bitcoin / TetherUSShort
short term idea
Updated
heavy probability scenario for BTC,is bearish..,
market scenario., because of the corona fear an the european stock market crash we can say it as bearish but meanwhile India and south Korea and even Germany are legalizing the crypto is a bullish news..,I say that is the thing caused for this small pump.
but on technically scenario for BTC on my opinion is..,
first the weekly candle close below the 8600 that is very bearish and on the bigger scenario we are on the falling wedge and when considering the mid term on the 4hr chart we on the top of the rising wedge and on the LTF 1hr chart we formed an another rising wedge on the top of the channel and we have broken out we may possibly test the 92xx range but as of now we are forming another descending triangle o the LTF which may take us back to the 88xx range if invalidated means we go up towards 92xx range and a sharp dump towards the edge of the channel. ETH pumping now because yesterday it was on conolidation stage usually eth leads the way up for BTC but now BTC making up. thanks.,
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ps;forgive for any grammer mistakes
market scenario., because of the corona fear an the european stock market crash we can say it as bearish but meanwhile India and south Korea and even Germany are legalizing the crypto is a bullish news..,I say that is the thing caused for this small pump.
but on technically scenario for BTC on my opinion is..,
first the weekly candle close below the 8600 that is very bearish and on the bigger scenario we are on the falling wedge and when considering the mid term on the 4hr chart we on the top of the rising wedge and on the LTF 1hr chart we formed an another rising wedge on the top of the channel and we have broken out we may possibly test the 92xx range but as of now we are forming another descending triangle o the LTF which may take us back to the 88xx range if invalidated means we go up towards 92xx range and a sharp dump towards the edge of the channel. ETH pumping now because yesterday it was on conolidation stage usually eth leads the way up for BTC but now BTC making up. thanks.,
.
.
ps;forgive for any grammer mistakes
Note
i did n't got the perfect entry from BTC so am shorting ETH towards the 185.Trade active
I thought ETH fucked up the scenario,yet BTC holding on the setup well.but ETH will go to 250 and BTC towards 94xx the biggest resistance there we can fill up the shorts.Shorting ETH at 247-251 would be a Golden opportunity .,but it close above on 256 on 4hr would be bullish.
But eyes medium term still bearish
Trade active
ETH short entered (246),BTC didn't have anything about ETH pump clear signs of dump.Trade active
We gng to 184 and may be 170 lads.Trade closed manually
Closed at 198, going enter on retest😌
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