My $BTC Trade Plan via Butterfly Harmonics bearish pattern (4H TF). Confirmed point B precise retracement to Fib 0.786 (Fib ret XA). Short $BTC to 19K-18.5K. Long, at the bounce within Fib 0.618-0.786 (Leg C), to Fib 1.272 (Fib ext AX). Once Leg D is formed, short $BTC from that point again. Invalid if current price moves above point B. Butterfly Pattern invalid...
Inverse Cup and Handle pattern formed. Valid If the neckline breaks.
These two yellow zones are pretty much holding the hopes of the bulls. Losing either of this zone and we're seeing 26K-27K (or probably lower to grab liquidity. We might approach 20K soon.
Shorted BTC since 31.4K after 3 rejections at 31.8K - 32K zone (which seems to form H&S pattern in LTF, also identified divergence in 4H TF) Took a bit of profit and adjusted SL to breakeven and holding the rest if it drops down to 26K (or lower?). A clear drop from fib 0.5; may possibly retrace to Fib (ext) 0.382 and hopefully can generate bullish momentum from...
BTC might possibly retest the trendline after the Double top as reaction to the 30K resistance
BINANCE:AVAXUSDT AVAX USDT for longterm spot wallet holding Riskier entry at Leg C, safer entry upon break of the trendline
BTC looking to break above a key level (Red Zone). Currently forming a Bullish Pennant. Can possibly approach and test 50K Level.