Short

Another Leg Down To The 50k Is Expected

Updated

📉 Another Bearish Formation At Hourly Timeframe For BTC

👉 Clear Bear Flag Formed At Chart And The Price Made a Double Top At 59500$ And Rejected As a Wave C Pivot ,Next Expected PRZ For The BITCOIN Is a Place Between 50k And 48k

📥 And About Alt Coins : Another -20% To -30% Is Expected For Alts Market ,The Only Thing I Can Say Is FULLY BLOODY MARKET SOON

Note

👉 At Low Timeframe Bull Flag Formed At The Stomach Of The Bear Flag And Legup Toward a 60200$ Is Expect As a Rejection Area

Note

🔥 The BTC Price Perfectly Bounced From Our Entry Point But Currently I Prefer To Close Half Of The Position Here At The 58700$ Zone By Almost 1.5% profit At Spot And 7.5% Profit By 5X Leverage

👉 And For The Rest Put The Stop Loss At The Entry Point To Make This Trade Free Risk

Note

📍 BTC Daily Timeframe Update

📉 Depend On The Previous Update The Price Is About To Complete The Wave 4 From C And Start a Final Down Rally Toward a 50k Area As a Wave 5 From C

🔎 Although We Could See 60200$ As a Wave 4 Pivot As I Shared a Long Position Yesterday At Low Timeframe ,But It’s Too Risky To Be In Any Long At Current Market Situation ,It’s a Reason That I Closed Half Of My Long By Tiny Profit

Note

🔥 The Bitcoin Price Reached 60200$ Area As My Long Target And Now I Fully Closed My Long In Here ,It’s Almost 4% Profit By Spot And 20% Profit By 5X Leverage

👉 Here Is a Important Area For The BTC Because Of This Rising Wedge Formed At The Chart By The Clear ABCDE Formation ,So Currently I Prefer To Be Out Of The Market ,I Expect a Rejection From This Zone Toward a 50k As a Next Target

Trade closed: stop reached

The Price Breakout The Rising Wedge And Invalidate The Bearish Scenario ,By The Next Update You Will Understand My Next Plan

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