BTCPERP H2: 42K USD SHORT IT. Distribution&Stage2 DUMP(SL/TP)

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BTCPERP H2: 42K USD SHORT IT. Distribution. Stage2 DUMP.(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH pattern . correction NOT OVER yet!
my target is 30 000 /35 000 USD, already hit
but will likely get re-tested soon

🔸 Summary and potential trade setup
::: BTCPERP 2hour chart review/outlook
::: AS ALWAYS: DO YOUR OWN DUE DILL!
::: distribution / locked inside range now
::: MAY/JUNE weak period for bitcoin
::: based on 10 years of data
::: previously compression into rising wedge
::: broke down / re-tested the structure
::: more downside possible next 4-6 weeks
::: distribution in progress right now
::: limited upside beyond 42 000 USD
::: 44/45K USD will MAX OUT / and correction
::: will resume after we MAX OUT later probably
::: next week
::: Bulls should wait for the BEAR structure
::: to complete now, buying later near 30 000 USD
::: would be the best strategy
::: however right now BEARS maintain control
::: BEARS can re-short 42K USD
::: until we hit 30 000 USD later in June 2021
::: recommended strategy: short sell rips/rallies
::: BULLS get ready to BUY LOW later near 30k
::: so just sit out the correction now
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/30000USD
::: Sentiment outlook short-term: BEARS

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Past performance is not indicative of future results.
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