Future_Wei

Short btcusd

Short
Future_Wei Updated   
BYBIT:BTCUSDT   BTCUSDT SPOT
Bitcoin is currently at wave 4, making a triangle before going down further to forms a spring or wave 5 at 20k usdt or a double bottom.

This is supported by Kingfisher's liquidation chart too!

So, we might see a potential rebounce off 20k instead.
Comment:
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Comment:
Finally, btc is trading below 20k .

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.