Bitcoin / TetherUSShort
LONG SQUEEZE INCOMING ? 🐺
Updated
Hello my dear friends 🐺.
oh right my dear followers , today I come back to talk about a possible correction for the BTC price also say what is the most reasonable price targets for the BTC and the hidden danger which is already no one wants to talk about so make sure to read this idea until the end .
Ok as you might already know ; the formation of the M patter or double top is a bearish sign which represent possible trend changing in the market and in the other hand we are very close to the all time high price so if I want to be honest with you , I had to say this is disaster situation and it's better to take some profit , because the formation of the top is make sense specially we are still have a halving which is not happening yet and you know that like what we previously have there is always a significant dump before the halving .
So let's talk about the price targets :
short term : we could already see in the 4H time frame , small little M pattern and the broken blue upward trend line , so based on them the price target is around 64000$ somewhere around the daily purple support trend line , which is also are the neck line of this huge double top formation .
I will talk about the mid and long term price targets in my next BTC update so make sure to follow me to be notify about it .
Have nice trades 🐺 .
oh right my dear followers , today I come back to talk about a possible correction for the BTC price also say what is the most reasonable price targets for the BTC and the hidden danger which is already no one wants to talk about so make sure to read this idea until the end .
Ok as you might already know ; the formation of the M patter or double top is a bearish sign which represent possible trend changing in the market and in the other hand we are very close to the all time high price so if I want to be honest with you , I had to say this is disaster situation and it's better to take some profit , because the formation of the top is make sense specially we are still have a halving which is not happening yet and you know that like what we previously have there is always a significant dump before the halving .
So let's talk about the price targets :
short term : we could already see in the 4H time frame , small little M pattern and the broken blue upward trend line , so based on them the price target is around 64000$ somewhere around the daily purple support trend line , which is also are the neck line of this huge double top formation .
I will talk about the mid and long term price targets in my next BTC update so make sure to follow me to be notify about it .
Have nice trades 🐺 .
Trade closed: target reached
Hi, my dear followers , the target is reached exactly as I predicted when BTC was around 70k , enjoy the profit 🐺Note
As long as BTC hold above the support level ( purple support line ) we are safe ; but the moment BTC break below we would expect a furthere dump .🐺😢
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.