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Peanant

Short - Peannunt triangle within a bigger symmetrical triangleSo far so good: We went below 11296 which triggered my next short (the last one was closed in profit).. also I will enter a second position at 11050.. sl for both positions: 11500. tps for both positions: 10300, 9450, 8450 (and I will leave some for if we go lower..) My expectations: - We are in another small peannunt triangle withing a bigger symmetrical triangle, which means: 1. If we break the peannunt above 11470 we will continue side ways withing the symmetrical triangle, thus my sl atm is 11500 (leaving space for if its a fake breakout).. 2. If we break bellow the peannunt I assume it will be strong enought to break the symmetrical as well which means both together will have a very strong impact to break the 10950-11200 strong support zone, which means we are going to see a retest of 10140... 3. Breaking below (red arrows) with confirmation of volume buying power will result retesting the 9200 area, I think if hit that spot again, most likely we gonna break downwards, but again this needs confirmations, lets pass scenario 1 and 2 first ;)...
BITMEX:BTCUSD.PShort
by Hedgehog_king