UnknownUnicorn272725

UnknownUnicorn272725

The trendline has been broken on BTCUSD. There is still a chance it will move back into the range but for now I think a good short term play is to short around current levels, and look to TP at 28,500-ish level.

UnknownUnicorn272725

BCUSD is currently trading at 28900, and just had a tiny bounce of the ascending trendline. I personally think we will see another all-time high today, given the lack of any strong drop after the most recent increase in price. However, if we do break the trendline, I would wait for a re-test to enter short.

UnknownUnicorn272725

I expect this was quick move down to liquidate longs. I think we will see another ATH today

UnknownUnicorn272725

at a break of the descending trendline, the profit target is just above the ATH. At the break of ATH, sky is the limit.

UnknownUnicorn272725

Some variation of what is shown in the screenshot. Note profit target is fairly close (from a BTC perspective). Profit target may change a bit depending on where we break the trendline. Should we break to the upside, the idea is no longer valid.