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BTCUSD H8: TARGET 29 000 USD THE BEST Level to SHORT (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTCUSD H8 chart review
::: rising wedge in downtrend
::: BEARISH CHART limited upside
::: BEARS should focus on SHORTING RIPS / MARKET SELL
::: TP BEARS based on measured move 29 000 USD
::: expecting fresh selling this week
::: not a bullish setup / BULLS should stay out
::: heavy x3 rejection from overhead
::: weak structure / BEARS taking over
::: however market structure is WEAK
::: so expect RIPS/RALLIES to get sold
::: to complete the sequence
::: near 29 000 USD
::: recommended strategy: SHORT AT MARKET
::: BEARS TP1 32 000 USD TP2 29 000 USD
::: BEARS SHORT/HOLD at market
::: expecting short-term DUMP
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP/29 000 USD
::: Sentiment short-term: BAERS/DUMP
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.