Bitcoin / TetherUSShort
$BTC Short-term Bearish
Main
-Finishes a wedge with classic five higher highs.
-Risk/Reward ratio: 3.5~20
Plan
-If it breaks the upper trendline, take a loss, and watch till it makes sense.
-50% profit at 37.9k.
-If it keeps making higher highs, short with lower leverages, and hold until the trendline breaks.
-Next 25% profit at 37k.
-After 75% profit, there could be a flat wave, making a new high without touching 34.8k.
If that's the case, close the position, then short at flat B.
-Full profit at the 34.8k & switch.
Sub
1. There could be a few more tops maintaining the wedge trendline.
2. Breaks current wedge trendline, and makes a new one.
-Finishes a wedge with classic five higher highs.
-Risk/Reward ratio: 3.5~20
Plan
-If it breaks the upper trendline, take a loss, and watch till it makes sense.
-50% profit at 37.9k.
-If it keeps making higher highs, short with lower leverages, and hold until the trendline breaks.
-Next 25% profit at 37k.
-After 75% profit, there could be a flat wave, making a new high without touching 34.8k.
If that's the case, close the position, then short at flat B.
-Full profit at the 34.8k & switch.
Sub
1. There could be a few more tops maintaining the wedge trendline.
2. Breaks current wedge trendline, and makes a new one.
More wave analysis & breakdowns on my X:
twitter.com/Hyunwoo_Roh
twitter.com/Hyunwoo_Roh
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