TradingView
ProjectSyndicate
Jun 16, 2020 6:29 PM

BTCUSD D1: Rising Wedge / 15% correction(NEW) Short

Bitcoin / U.S. dollarBitstamp

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: Rising Wedge / 15% correction(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: BTCUSD daily chart review
::: booted from 10 000 USD x3 times
::: upside limited short-term
::: Bulls died at 10 000 USD
::: QQQ/US30 maxed out / correction soon
::: BTC shorts too much covering
::: not enough short sellers for PUSH HIGHER
::: 15% correction still valid
::: we proceed to sell off shortly
::: recommended strategy: short RIPS/RALLIES
::: TP bears is 8000/8200 USD
::: what happens later remains to be seen
::: until then just focus on SHORTING IT
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand 8400/8800 USD
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook short-term: BEARISH
Comments
Nathan_Black
â‹…
Oh, a drop to $ 8k would be great! I have a more bullish view, but in my heart I wish you are right. I would like to buy BTC at a cheaper price.
ProjectSyndicate
â‹…
@Nathan_Black, perfect. let's see what we get.
RocketBomb
â‹…
Thanks for sharing
AboveDuality
â‹…
Good work man! Let see how much to add to short they will let us
triquista
â‹…
Syndicate I share your view. Good work here.
Phi-Deltalytics
â‹…
We agree 8k would be strong support.
PolarHusk
â‹…
nice update, thanks for sharing
ProjectSyndicate
â‹…
@PolarHusk, +++++
tradeninja95
â‹…
Sorry mate i dont think so, but we'll see. Eventually ther might be a correction, but the bulls are still very much alive.
More