TradingView
ProjectSyndicate
Aug 9, 2020 1:55 PM

BTCUSD D1: 20% correction / SHORT IT(NEW)  Short

Bitcoin / United States DollarCoinbase

Description

â‹…
Why get subbed to to me on Tradingview?

-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates

BTCUSD D1: 20% correction / SHORT IT(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: BTCUSD 4days/candle chart review/outlook
::: risk/reward shifting in BEARS favor now
::: August is the worst month for crypto
::: likely very limited upside from here
::: weekly close = inside candle
::: if we close like this upside is limited
::: so at the very least we are getting
::: 20% correction soon
::: also topping pattern on daily timeframe
::: very high probability of correction
::: recommended strategy: SHORT IT
::: at market SL over recent highs
::: TP BEARS 20% gains // 9800 USD
::: SHORT/HOLD setup for patient traders
::: just short high and get paid, period
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS
Comments
Mudrex
â‹…
Agreed on this, thanks for sharing!
Do check out my idea:
MarxBabu
â‹…
@Mudrex, looks good i too on short as per one of my script.
ProjectSyndicate
â‹…
@Mudrex, looking good!
Yuriy_Bishko
â‹…
here is my idea
thank you
braegel
â‹…
ProjectSyndicate
â‹…
@Yuriy_Bishko, nice work
Phi-Deltalytics
â‹…
Thanks for sharing!
CryptoGuru369
â‹…
@Phi-Deltalytics, You guys both do excellent work!
ProjectSyndicate
â‹…
@CryptoGuru369, thank you very much!
ProjectSyndicate
â‹…
@Phi-Deltalytics, appreciate it!
More