BTC continuation fall and targets (short term dumping)
Updated
Hello all!
This description will be short, my sentiment on BTC is bearish and I think if we can reach these targets it will pave way for our bullish moves everyone would like to see eventually.
We have failed to make a bullish break from our structure, I expect bearish moves to continue for the next week or two.
This could be a short squeeze opportunity, it is likely this will be a bull trap converted into a bear trap. (In other words, we will go up and quickly, only after we go down fast🆗😄)
I do not expect to see 24k, but have included it as a possibility.
( On chart above patterns were analyzed on a 4hr TF, moved to 6 hour they are slightly different keep this in mind )
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.😄
Jazerbay
This description will be short, my sentiment on BTC is bearish and I think if we can reach these targets it will pave way for our bullish moves everyone would like to see eventually.
We have failed to make a bullish break from our structure, I expect bearish moves to continue for the next week or two.
This could be a short squeeze opportunity, it is likely this will be a bull trap converted into a bear trap. (In other words, we will go up and quickly, only after we go down fast🆗😄)
I do not expect to see 24k, but have included it as a possibility.
( On chart above patterns were analyzed on a 4hr TF, moved to 6 hour they are slightly different keep this in mind )
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.😄
Jazerbay
Note
we have hit ~29k target and now if we do not come down for retest of that level I expect to see 34k soon.The B (online conference about BTC) is now taking place so this could be reason for bullish activity.
Thank you so much!!
Jazerbay
Note
Possible H & S on BTC, useable targets are Green lines here on chart, trade safely and maybe take some profit on the way down, short squeeze is highly possible 😄✌🖖Note
It is possible to keep going up from here (see above)
Thank you so much!
Jazerbay ☯
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