BTCUSD D1: PT BEARS 27 000 USD 5 waves correction(SL/TP)(NEW)

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BTCUSD D1: PT BEARS 27 000 USD 5 waves correction(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 27 000 USD, already hit.


🔸 Summary and potential trade setup
::: BTCUSD daily chart review/outlook
::: 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
::: 5 waves BEAR CORRECTION MODE
::: final TP BEARS is 27 000 USD
::: already 40% OFF the HIGHS
::: broke 50K USD and broke 40K USD
::: expect target to get hit in June 2021
::: Bulls should wait for the BEAR structure
::: to complete now, buying near 27 000 USD
::: would be the best strategy
::: however right now BEARS maintain control
::: BEARS can re-short at 45K USD
::: until we hit 27 000 USD later in June 2021
::: recommended strategy: short sell rips/rallies
::: BULLS get ready to BUY LOW later near 27k
::: 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/27000USD
::: Sentiment outlook short-term: BEARS

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