1 ~ 2 ~ 3 ~ 4 ~ 5 strategy (downtrend) ~ swing short trade (BTC)

BYBIT:BTCUSD   Bitcoin / U.S. Dollar

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Price action talk: ( bitcoin )

Downtrend: 2 validation points
Uptrend: 3 validation points

#1: Lower highs, and lower lows being painted on the chart, looking for a retest of $10,900 - $11,000 (trend needs 3 validation points, we have 2 on resistance and support. also, we're sitting under resistance which tells me lower support levels need tested according to structural integrity.

#2: Appears to be rejecting gann fan code red (channel)

#3: A move to "3" would test the fundamentals and structural integrity at this level.

#4: This area has no structural support and i'd like to see more fundamentals as support. which would take us back to $11,000 where we'll either bounce off support or break downwards towards $10,500.

Oscillator/momentum signal:

#1: Currently at mid-range, low range being swept could signal a possible buy around $10,950 - $11,085. Pay close attention to that level if it gets tapped.

Invalidation: $11,500 gets flipped into support triggering a leg up to $11,800.


Very good bearish scenario. Thanks for sharing your idea 🐻‍❄️😃
yey.. 10200-10500 is possible.. every timeframe is visible. or im wrong. idk im new.
Yurlo dragansimic171111
@dragansimic171111, no problem
Thanks for sharing!
Have the feeling zone 9600-9800 will be reached before the end of the year
Yurlo yilooo
@yilooo no problem man. And yeah if we pass $12,000 I’ll long
Man, it is not really TA when you are all time short so when it really goes down you can say "I told you so".
Yurlo AvantiRold
@AvantiRold, lol i could make one short TA, walk away and be right. my plan hasnt changed dumb fuck lmao markets will crash
@Yurlo, exactly what I said. Thank you for answering just to confirm it.
Yurlo AvantiRold
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