Bitcoin Bearish Priceaction - Possible Lower Lows
Updated
Bitcoin has failed to build the desired bullish pattern and dropped below 8300. My last Analysis is invalidated and now we must find the next high RR pattern.
This bearish price action can form a continuation pattern to the downside.
A drop below 7500 would signal EXIT Market and switch my Portfolio from BTC completely into FIAT.
Possible Trades (leveraged):
- shortterm timeframe Target identified: Short Entry: 8330 Target: 7950 or slightly below
- 4h timeframe macro view: possible Short Entry: 6580 Target: 3800 Target (continuation pattern target)
We Wait For Structure.
This bearish price action can form a continuation pattern to the downside.
A drop below 7500 would signal EXIT Market and switch my Portfolio from BTC completely into FIAT.
Possible Trades (leveraged):
- shortterm timeframe Target identified: Short Entry: 8330 Target: 7950 or slightly below
- 4h timeframe macro view: possible Short Entry: 6580 Target: 3800 Target (continuation pattern target)
We Wait For Structure.
Trade closed: target reached
short term target 7950 reached - i closed at 7860 manually ( leveraged, decent profit !)Bitcoin might bounce from here soon and setting up the next structure with high RR entry in the next couple days.
We Wait For Structure.
( do not catch a falling knife )
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