Bitcoin #Intraday short
Updated
US inflation data will be released today, forecast 5% previous value of 5%.
At the publication of the data there will be strong volatility and we can consider the scenario with further bitcoin down from the current consolidation. At the publication there will probably be a "helicopter" and all the stops will be taken off, but after it will be clear where the market is moving, you can participate.
If there is a false-break-down, a quick reversion and downgrade, it will be an additional evidence for the sell, and it also can draw a pin bar, which is also a sign of weakness of the buyers.
In any case, the consolidation is traded only on the breakdown, and two options of short stops 27800 and 28000-28300, targets 27000 and 26700 and a small part can be left if the market starts to pour heavily into the area of 26000.
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Good luck and profit to all.
At the publication of the data there will be strong volatility and we can consider the scenario with further bitcoin down from the current consolidation. At the publication there will probably be a "helicopter" and all the stops will be taken off, but after it will be clear where the market is moving, you can participate.
If there is a false-break-down, a quick reversion and downgrade, it will be an additional evidence for the sell, and it also can draw a pin bar, which is also a sign of weakness of the buyers.
In any case, the consolidation is traded only on the breakdown, and two options of short stops 27800 and 28000-28300, targets 27000 and 26700 and a small part can be left if the market starts to pour heavily into the area of 26000.
Support for the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
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Trade closed: target reached
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