BINANCE:BTCUSDT BTC was in falling wedge channel in 4h time frame and breakout/fakeout done.
Its possible to come down upto yellow line for retest if fail to bounce back we consider it as fakeout.
Next possible scenario for month September is DEAD CAT BOUNCE.
In short scalp trade I am in short for sure cause of two reasons retest and weekend movement is forming.
Its possible to come down upto yellow line for retest if fail to bounce back we consider it as fakeout.
Next possible scenario for month September is DEAD CAT BOUNCE.
In short scalp trade I am in short for sure cause of two reasons retest and weekend movement is forming.
Comment:
In 1h chart 2 Candle confirmed above my support line 48076 targeting 49k -50k as mentioned
Comment:
points to note:-
1. Dead cat after death cross
2. September month always red from last 2-3 years
3. RSI bearish diversion - Over bought market
4. No any health retest
5. Low volume
1. Dead cat after death cross
2. September month always red from last 2-3 years
3. RSI bearish diversion - Over bought market
4. No any health retest
5. Low volume
Trade active:
Open short now..
TP 43k
SL 54.5
TP 43k
SL 54.5
Comment:
Keep booking profit and keep shorting
Trade active:
Keep shorting month of September 100% red.
Trade closed: target reached:
Exact on marked.
Comment:
Followed accurate 😁