BTCUSD D1:NOW VS 2017: Unsustainable move 30% correction?

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BTCUSD D1:NOW VS 2017: Unsustainable move 30% correction?
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect up to
30% correction after BOUNCE.

🔸 Summary and potential trade setup
::: BTCUSD D1 chart review/outlook
::: previously broke down
::: due to price/ rsi divergence
::: let's compare NOW to 2017
::: mild angle of attack initially
::: transitioned into HEAVY INCLINE
::: while the angle of attack increased
::: bitcoin gained very fast HOWEVER
::: once it maxed out, dumped 70% off highs
::: expecting somewhat similar plan right now
::: also JAN/FEB weak period for BTCUSD
::: and ETHUSD re-tested ETH and got rejected
::: also RSI10 3 peaks and breakdown
::: same pattern right now vs 2017
::: the move we got is not sustainable
::: 30% losses from here possible
::: BEARS not done yet so BOUNCES will get sold
::: recommended strategy: SHORT INTO BOUNCE
::: TP BEARS is 24 000 / 26 000 USD
::: SWING TRADE: SHORT/HOLD IT
::: pullback/correction not over yet
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: MIXED
::: Sentiment short-term: BEARS/CORRECTION

Comment:

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