TradingShot

BITCOIN Symmetrical short term scalping action.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I rarely do short term crypto patterns, but this has come across the 4H time frame and I thought I'd share.

Bitcoin approached today the lower 4H Support (9,790 - 9,850). Last time the price rebounded off that level, we had a 7 day consolidation within roughly 9,800 - 10,450. So if 9,790 holds, I don't see any reason why we shouldn't repeat this symmetrical pattern for good scalping returns, especially since we also had a symmetrical (near) rejection on the 11,000 1D Resistance last week.
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Nice Post as always! Yet I believe we might see other options play out.
+1 Reply
@Behzadin, Thank you for sharing.
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Excellent Call Brother! We are still in a downtrend so it is plausible we will dip to your 4H support.
We went long 20 hours ago. GG
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TradingShot BossIndicators
@BossIndicators, Thank you. It hit the 4H Resistance, let's see how it copes with the first sell wave.
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@TradingShot, Bitmex bulls defending 10300 level still. I am laddering into a short. So lets see how she plays out.
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BossIndicators BossIndicators
@BossIndicators, averaged up to 10400 closed at 10360 waiting on more dats to come in
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Great analysis. Where's bull target? 50k this year?
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@SellHope, Anything is possible when in a bull market.
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