BTCUSD H4: 46 000 USD SHORT IT +20% GAINS(SL/TP)(UPDATE)

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BTCUSD H4: 46 000 USD SHORT IT +20% GAINS(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect limited upside.

🔸 Summary and potential trade setup
::: BTCUSD H4 chart review
::: UPDATED/REVISED outlook
::: still a valid short from overhead
::: distribution in progress / weak chart
::: short-term expect final PUMP off the lows
::: right now risk/reward shifting BEARS favor
::: best strategy: SHORT HIGH near 46 000 USD
::: BEARS should focus on SHORTING HIGH
::: resistances: 45 000 USD / 46 500 USD
::: supports: 33 600 USD / 35 400 USD
::: trading near range LOWS currently
::: expect short-term BOUNCE into FED on 15/16 March
::: BULLS can trade the BOUNCE PLAY into FED
::: BEARS SHORT HIGH 46 000 USD TP is 32 000 / 30 000 USD
::: to complete the sequence
::: near 30 000 USD
::: recommended strategy: BUY LOW / SELL HIGH
::: INTO FED / March 15/16 look to SHORT HIGH
::: BEARS SHORT/HOLD from 46 000 USD
::: expecting short-term LOSSES FROM 46 000 USD
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: RANGE
::: Sentiment short-term: RANGE

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.

ความคิดเห็น:

just posted a short-term update
BTCUSD H1: STUCK IN RANGE BUY LOW / SELL HIGH (SL/TP)(NEW)