BTC next move following accurate
BINANCE:BTCUSDT BTC was in falling wedge channel in 4h time frame and breakout/fakeout done.
Its possible to come down upto yellow line for retest if fail to bounce back we consider it as fakeout.
Next possible scenario for month September is DEAD CAT BOUNCE.
In short scalp trade I am in short for sure cause of two reasons retest and weekend movement is forming.
Its possible to come down upto yellow line for retest if fail to bounce back we consider it as fakeout.
Next possible scenario for month September is DEAD CAT BOUNCE.
In short scalp trade I am in short for sure cause of two reasons retest and weekend movement is forming.
Note
In 1h chart 2 Candle confirmed above my support line 48076 targeting 49k -50k as mentionedNote
points to note:-1. Dead cat after death cross
2. September month always red from last 2-3 years
3. RSI bearish diversion - Over bought market
4. No any health retest
5. Low volume
Trade active
Open short now.. TP 43k
SL 54.5
Note
Keep booking profit and keep shortingTrade active
Keep shorting month of September 100% red.Trade closed: target reached
Exact on marked.Note
Followed accurate 😁
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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.