Short Term BTC Analysis: ABC correction wave, PAMP before DAMP

I believe this strong bullish divergence will take us to the 42.5-43k region before a final drop to the 36k trend line, flushing out the longs forming.

This would allow us to collect shorts for a real rally to have a chance of forming

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So far, so good! Short opened at 42.5k, missed the top sleeping but it was where I marked

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Entry: 42.5k
Stop loss: 42.3k

Locking in the profit for now

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Trailing S/L to 42k

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Bulls are ramping up for a quick liquidation spike, moving S/L to 41200 to capture more profit

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Profit remains intact! Bullish divergence is being invalidated with this latest bull trap in the zone of indecision

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Flipping short to long at 38300, my last update said 39300 that was a mistake

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Watching the chart, I need to see some confirmation before flipping long, but I have closed my short at the bottom of the green arrow trend line

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Getting real close to the buy area, I think this little 5m structure will take us to where we want to go. Don't forget to WAIT for confirmation

PoorMemory

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PoorMemory