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BTCUSD H4: Symmetrical triangle BEARS 9600 USD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: BTCUSD 4hour chart review/outlook ::: currently price is stuck in range ::: symmetrical triangle in progress ::: downside breakdown more likely ::: price came from above ::: therefore expecting breakdown ::: BITMEX trouble also a major ::: driver in bearish PA now ::: most likely: DISTRIBUTION ::: get ready to SHORT IT ::: 9600 target bears ::: based on measured move ::: that's where you want to SHORT IT ::: currently trading near range highs ::: shorting near range highs makes sense ::: TP BEARS is re-test of range lows ::: TP is 9600 USD ::: recommended strategy: SHORT IT / SHORT rips/rallies ::: TP 9600 USD ::: correction not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/9600 USD ::: Sentiment outlook short-term: BEARS