BTC fast Approaching $65k area. Target was $75k but considering a bearish double local top scenario and framing this as a move into sell zone.
1. Break of Support
2. Move to Retest
3. Rejection ($57k)
4. Resumption down - support off failed H&S.
Of course hypothetical but If this materialises I think there will be some large price fluctuations over this week before eventual price decline. Lightening load at 3 and short at 4. Invalid if the ATH is broken and long to original target price.
Best, Hard Forky
1. Break of Support
2. Move to Retest
3. Rejection ($57k)
4. Resumption down - support off failed H&S.
Of course hypothetical but If this materialises I think there will be some large price fluctuations over this week before eventual price decline. Lightening load at 3 and short at 4. Invalid if the ATH is broken and long to original target price.
Best, Hard Forky
Comment:
On the way to a engulfing 4hr?
Comment:
Played a second short on the pump - overall 1% risk with a potential 10%+ move down the BTC short is too tempting to pass.
Comment:
inverted
ALTs are pumping - short scenario looks likely