Since we overshoot my target invalidating my desc. triangle theory I now am looking to confirm a bullish trend on a retrace that makes sense.
4200 will be the make or break point if we do pivot around the 6500$ price.
I am 100% confident we will retrace at least to 5'3K - only after that point will I look for a bullish entry.. do not let the FOMO get to you!...
I see #BTC retesting the ascending triangle one more time before having some real bullish momentum.
The perfect trade would be too short 4200-ish on the 4th of April if Day TD does manage to finish on a 9. I suspect 12H TD will also be on a TD9...call it a feeling.
The short trade:
Entry is time and price based - 3rd Aprile -> 6th Aprile 4150 -> 4260.
SL is 4290...
Sorry to say .. the pattern is clear as day ( maybe a bit to clear ).
Lower highs for the last 6 months indicates bullish weakness.
Target of this descending triangle is sooo deep I will not even entertain it yet but a break down would put us under 4K easy.
Be safe !
