BTC: If you don't short this, what are you doing?

The weekly gap is acting like a magnet now, after the higher timeframe liquidity has been swept. Now at least we should look for an internal sell side liquidity to be taken.

The idea becomes invalid if we close above the invalidation line on the daily.

Now we should wait for the sting up into the daily gap. Than a decline.

Ok byyy be safe!

Trade active:

Feeling safe with this consolidation phase on the lower timeframes. After huge declines, consolidation below old lows with respecting bearish gaps (only wicking it, not closing inside) are both conformation for lower prices in the future.

After price finished offering fair value, the decline should continue to our first target.

Ok byyyyy

Trade closed: target reached:

okay, I know... it was too obvious
Hope you could capitalize on this one too
Ok be safe byyyyy