BTC Bitcoin Ponzi -> Double topping, liquidity spikes withering
BTC seems to be approaching the critical zone of the 3.2-3.4k region. I have been very accurately calling these lower highs after lower highs through out this bearish period, and I believe a break of this structure will result in massive selling, which will probably not stop at 2.8k if this level is breached.
I am still holding shorts from the 3700 level, but have taken off most of the profit at the 3.4k level I mentioned as a great TP profit zone for shorts.
This is still not a bad level to short, with a stop loss above 3600, reward is great if we break the daily bullish order block (3200-3400 daily OB).
Short level: 3520
Stop loss: 3600.
Target Profit: 3200
I am still holding shorts from the 3700 level, but have taken off most of the profit at the 3.4k level I mentioned as a great TP profit zone for shorts.
This is still not a bad level to short, with a stop loss above 3600, reward is great if we break the daily bullish order block (3200-3400 daily OB).
Short level: 3520
Stop loss: 3600.
Target Profit: 3200
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@alanmasters
Namaste...LOL...
@alanmasters
Namaste...LOL...
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Big moment coming for BTC
I see parma-fools and trolls getting excited on this 30-50 point "bull run".
Reminder to study basic, elementary trading patterns and you will quickly learn BTC is in a rising wedge with heavy resistance up above. Until BTC gets and closes above the 3.8k level, I will continue to point bearish targets per my analysis.