might happen else 55 53 50 48 45 43
if confirmed neckline then 60K 64-65K
if confirmed neckline then 60K 64-65K
Note
BTC broke down below, im looking at 55 as first target if it exits the uptrend channel created from exit of downtrend channel at 52.5 bounceAfter 55 it can test 57 one last time before heading down to 52.5 50 48 45 4
Trade active
BTC needs to keep making closes under 57K new resistance, 58K was prior resistance at 4Halso waiting for that daily close, if it doesnt close good for bearish, then cme will become a price magnet
Note
CME became price magnet and went up a little higher but got rejectedTarget 1 reached for short 55K
60K almost reached for long (59K)
Note
Target 2 reached 53KMy short is going really well
Note
im looking at 50K and 46K in the very near future, with a possible 40K wick with the help of liquidationsDisclaimer
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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.