BTC - Short target 31 300 for BINANCE:BTCUSDT by Nkrypted — TradingView

Trend Analysis Chart Patterns Bearish Patterns reversalpattern Double Top

trendanalysis chartpattern bearish reversalpattern doubletop

If BTC breaks actual support, my first target is the previous support of 31 300$

I'll wait for the breakout and retest before taking position:
SL: 36 500
TP: 31 400

I have a second target, much lower, I will update this topic soon.

Happy trading! XD

Comment:

2nd target would be at 20 700, also being the point where BTC breakout of its channel on Dec 16th and went parabolic.

snapshot

Comment:

here's a close up of Dec 16th when BTC reached 20 710:

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.