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BTCUSD H4: 46 000 USD SHORT IT +20% GAINS(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect limited upside.
🔸 Summary and potential trade setup
::: BTCUSD H4 chart review
::: UPDATED/REVISED outlook
::: still a valid short from overhead
::: distribution in progress / weak chart
::: short-term expect final PUMP off the lows
::: right now risk/reward shifting BEARS favor
::: best strategy: SHORT HIGH near 46 000 USD
::: BEARS should focus on SHORTING HIGH
::: resistances: 45 000 USD / 46 500 USD
::: supports: 33 600 USD / 35 400 USD
::: trading near range LOWS currently
::: expect short-term BOUNCE into FED on 15/16 March
::: BULLS can trade the BOUNCE PLAY into FED
::: BEARS SHORT HIGH 46 000 USD TP is 32 000 / 30 000 USD
::: to complete the sequence
::: near 30 000 USD
::: recommended strategy: BUY LOW / SELL HIGH
::: INTO FED / March 15/16 look to SHORT HIGH
::: BEARS SHORT/HOLD from 46 000 USD
::: expecting short-term LOSSES FROM 46 000 USD
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: RANGE
::: Sentiment short-term: RANGE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.