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XBTUSD H4: Distribution / RESHORT IT TP 9400 USD(SL/TP)(NEW)

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BITMEX:XBTUSD.P   Bitcoin
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XBTUSD H4: Distribution / RESHORT IT TP 9400 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
losses and mid-term losses. RESHORT IT.


🔸 Summary and potential trade setup
::: XBTUSD 4hour/candle chart review/outlook
::: tagged SHORT because it's BEARISH now
::: mid term also BEARISH outlook
::: distribution at the top
::: breakdown followed to print 10 000 USD
::: currently throwback in progress
::: RESHORT IT and get paid
::: expecting a 15% correction to follow
::: to complete the bear sequence now
::: BEARS should short near 11 000 USD
::: we are setting up for a correction now
::: short from overhead and get paid
::: recommended strategy: SHOR IT 10 800 / 11 000
::: TP BEARS is 9 400 USD
::: SWING trade setup / no fast gains here
::: BUY/HOLD / do not expect miracle gains
::: SL is 3% max
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS

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