BTCUSD H8: Bitcoin is DEAD until the FED in September(NEW)

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BTCUSD H8: Bitcoin is DEAD until the FED in September (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: BTCUSD H8 chart review
::: compression in progress
::: limited upside going forward
::: same pattern in progress now
::: DISTRIBUTION before new DUMP
::: same setup in Q1 2022 Jan/Feb
::: Also STOCKS/NASDAQ - weak charts
::: BEARISH CHART limited upside
::: BEARS should focus on SHORTING RIPS / 25 000 USD
::: TP BEARS based on measured move 12 000 USD
::: range highs defined by 25 000 USD
::: range lows defined by 17 000 USD
::: heavy x3 rejection from overhead
::: weak structure / BEARS taking over
::: STRONG PRIOR downtrend - limited upside
::: so expect RIPS/RALLIES to get sold
::: to complete the sequence
::: near 25 000 USD
::: VERY SLOW market until SEPTEMBER
::: then expect new dump
::: recommended strategy: SHORT RIPS/RALLIES
::: BEARS TP1 14 000 USD TP2 12 000 USD
::: BEARS SHORT/HOLD at market
::: expecting short-term DUMP
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP/12 000 USD
::: Sentiment short-term: RANGE LOCKED

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:

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