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MadWhale
May 9, 2023 12:46 PM

BITCOIN brief correction to the downside โŒ๐Ÿงจย Short

Bitcoin / TetherUSBinance

Description

โ‹…
Hello ๐Ÿ‹
we can see more correction to the downside, at least close to great daily support level ($26000 to $27000) โŒ๐ŸงจโŒ๐ŸงจโŒ
in other word
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line โŒ๐Ÿงจ
otherwise
we can see more gain to upper resistance level โœ”๏ธ๐Ÿš€
for
any other huge pump, we need more correction ๐Ÿ“–๐Ÿ“–๐Ÿ“–๐Ÿ“–๐Ÿ“–
if
breakout of the lower support zone be completed, we can see more correction to the downside โŒ๐Ÿงจ

brief amount of green candlesticks to the upside before any other movement is logical ๐Ÿ“–๐Ÿ’ก


๐Ÿ‘Œ Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) ๐Ÿ“–๐Ÿ’ก

Please, feel free to share your point of view, write it in the comments below, thanks ๐Ÿ‹
Comments
TradingShot
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Quality analysis and explanation of this scenario. Even if the opposite happens, the idea is well explained and that's all it matters in terms of technical analysis.
LegionQ8
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Very nice analysis, good job done!
FirstNameHelen
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Interesting analysis, appreciate your efforts
SwallowPremium
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Excellent strategy, you did good work. Keep going!
KlejdiCuni
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I agree with your idea.
Lingrid
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Awesome view
Solldy
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I think that today we should see how the day will close and then place limit orders to gain a position. Good idea!
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