ProjectSyndicate

BTCUSD H16: CAN hit 40 000 USD in complex correction(SL/TP)(NEW)

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Why get subbed 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 H16: CAN hit 40 000 USD in complex correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH pattern . correction NOT OVER yet!


🔸 Summary and potential trade setup
::: BTCUSD 16HOUR chart review/outlook
::: MAY/JUNE weak period for bitcoin
::: based on 10 years of data
::: previously compression into rising wedge
::: broke down / re-tested the structure
::: more downside possible next 4-6 weeks
::: based on measured move projection
::: final TP BEARS is 40 000 USD
::: expect target to get hit in June 2021
::: Bulls should wait for the BEAR structure
::: to complete now, buying near 40 000 USD
::: would be the best strategy
::: however right now BEARS maintain control
::: until we hit 40 000 USD later in June 2021
::: recommended strategy: short sell rips/rallies
::: BULLS get ready to BUY LOW later near 40k
::: longer-term target is still valid for BULLS
::: 70/75K by AUGUST 2021
::: so just sit out the correction now
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/40000USD
::: Sentiment outlook short-term: BEARS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
FX/CRYPTO SCANNER/RESULTS/OVERVIEW/TELEGRAM
https://TAPLINK.CC/DARK000SOUL
BEFORE/AFTER ANALYSIS
https://THEPROJECTSYNDICATE.BLOGSPOT.COM/
CHANNEL TA/SIGNALS SL/TP
https://T.ME/THESYNDICATE001
DETAILED SCANNER RESULTS
https://TWITTER.COM/PRSYNDICATE001

Comments

You first say it will touch 75k then 40k now? Playing lottery?
+1 Reply
Another great chart. Super thanks!
Reply
Thanks
Nice work.as always
Reply
DNTUSD H16: 50%+ gains BEST level TO SHORT/HOLD(SL/TP)(NEW)
Reply
such great job as always

we had same idea before this fall too :


thanks for sharing
Reply
BTTUSDT H16: 300% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
Reply
LINKUSDT H16: +150% gains bulls THE BEST LEVEL TO BUY/HOLD(SL/TP
Reply
CHZUSDT H16: 200% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
Reply
BSVUSDT D4: BEST Level to BUY/HOLD 400% gains(SL/TP)(UPDATE)
Reply
XLMUSD D1: BEST Level to BUY/HOLD 150% gains(SL/TP)(UPDATED)
Reply