BTC Ponzi---Hell candle awaits--- One last liquidity spike.
Short the 3330-3340 level.
Strong confluence with bearish OB and fibonacci golden zone.
Get ready for that hell candle down to 2.8k
Strong confluence with bearish OB and fibonacci golden zone.
Get ready for that hell candle down to 2.8k
Note
Note
4 hour inside bar. Looks like trend is too weak to even make it to the golden pocket zone.
0.382 fib rejection suggests the bulls are even weaker than I thought.
Note
1 hour head and shoulders / double top
Note
Liquidity spike ended up going higher than expected. Ended up blowing through the bearish orderblock.This could have been a short term bottom. Either way, I have been calling short since 3900-3700 and have rode it down to my first target of 3100, so I consider this trade a success.
Note why it's important to have two targets and take off 50% at the first target.
Trade closed manually
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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.