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SasanSeifi
Nov 11, 2022 8:22 AM

Bitcoin Short Scenario to 13K $ Short

Bitcoin / DollarBitfinex

Description

As shown in the figure, we have considered the 50% and 61.8% Fibonacci ranges as the final target of wave 2, which can end in the price range of $18,300 to $19,000.

With the end of this correction in the form of wave 2, we will enter the downward wave 3, for which we have already considered the price range of 14 to 13 thousand dollars to end this downward trend.

Follow The Trend, we will update it as we enter the position.

Trade active

after breaking the trendline we experienced 2000$ total of decreased in BTC Price, and now There Can be a pullback to gain more power to make a Lower Low, Target still about 14 ~ 13,000 $

Comment

If The 4H Candle and 1D Close under White Line it will easily leads to Target
Comments
archi_an
$18,300 ~ $19,000 =>>> 14 ~ 13,000$ ????
SasanSeifi
@archi_an, right now we are in a smaller ABC pattern with a 17,300 to 17,600 target and after that we will get into 3rd wave to 14K
archi_an
@SasanSeifi, Thank you, Good idea.
Solldy
Nice work! I am really surprised. Nothing to complain about 😅
SasanSeifi
@Solldy, Thanks Solldy :D
JoeChampion
I have similar thoughts, thank you!
SasanSeifi
@JoeChampion, Great Joe
SwallowPremium
Thanks for your post. We wish you good luck with your trades!)
SasanSeifi
@SwallowPremium, Thanks Swallow
Tradersweekly
Thank you for the short idea.
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