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BTCUSD D1: May hit 25 000 in complex correction(SL/TP)(UPDATED)

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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BTCUSD D1: May hit 25 000 in complex correction(SL/TP)(UPDATED)
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 .


🔸 Summary and potential trade setup
::: BTCUSD daily chart review/outlook
::: still valid as of right now
::: very slow / range locked price action
::: noteworthy compression
::: weak bounce in progress upside limited
::: heavy resistance at 35 000 USD
::: caps any upside / gains on the bounce
::: still eyeing re-test of 20/ 25K USD
::: expecting breakdown of key S/R level
::: latest data and price action
::: GBTC fund unlock may cause high vola
::: BTC challenging 30 000 USD key S/R level
::: potential/speculative complex correction
::: if BEARS take out 30K S/R level more losses
::: HIGH VOLA warning / uncertainty this weekend
::: I recommend to stay out and look for a better
::: entry price after the GBTC unlock event
::: BULLS may start looking for BOTTOM BUY
::: near 20 000 USD / 25 000 USD s/r levels
::: recommended strategy right now
::: STAY OUT / WAIT for a better price to BUY LOW
::: recent price action suggests more losses
::: BTC failing to maintain S/R levels this is BAD
::: generally summer time is also weak seasonal period
::: for BTCUSD based on last 10 years WEAK gains (losses)
::: overbought / so expecting correction
::: 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/25000USD
::: Sentiment outlook short-term: BEARS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comment: just posted a new update on BNBUSD, make sure to review it. great setup.
BNBUSD WK: 1000% gains BEST LEVEL TO BUY/HOLD(SL/TP)(UPDATED)
FX/CRYPTO SCANNER/RESULTS/OVERVIEW/TELEGRAM
https://TAPLINK.CC/DARK000SOUL
BEFORE/AFTER ANALYSIS
https://THEPROJECTSYNDICATE.BLOGSPOT.COM/
CHANNEL TA/SIGNALS SL/TP
https://T.ME/THESYNDICATE001
DETAILED SCANNER RESULTS
https://TWITTER.COM/PRSYNDICATE001

Comments

Great idea 👍. si doge needs to go down ? can you update dogechart pls
+1 Reply
ProjectSyndicate LordOfBitcoins
@LordOfBitcoins, perfect perfect!
+1 Reply
Well done as always
+1 Reply
@rb675, thank you
Reply
great chart!
+1 Reply
ProjectSyndicate CryptoFundManager
Reply
just posted a new update on BNBUSD, make sure to review it. great setup.
BNBUSD WK: 1000% gains BEST LEVEL TO BUY/HOLD(SL/TP)(UPDATED)
Reply
good price action support and resistance lines, but I don't get what kind of complex correction pattern is that. Could you explain more?
Reply
Quality job mate, keep it up!
Reply