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Cryptorphic
Feb 5, 2023 10:29 AM

#BTC/USDT Red Monday Incoming?  

Bitcoin / TetherUSBinance

Description

#BTC :- LTF shows a possibility of some corrections starting this week.
Alts will follow.
Be careful if you have been profitable in the last 5 weeks.
IMHO, It's time to keep some profits aside and play carefully.


This is a short-term view and if gone right it can suck all gains made in the last few weeks if you are on leverage.
Please be careful and use Stop Losses.

INVALIDATION:- BTC Closing above 25k.
This is not financial advice So DYOR.

Do hit the like button if you like it.


Thank you

Peace

Trade closed: target reached



#BTC closed at $22932.
Dead accurate chart so far.
Looks good in the short term.
HTF still shows potential for MORE correction.

Longed here with SL around 22679 (DYOR, NFA) Just for scalping.
Manage risks properly.

Trade active




Click on the above chart for the latest update on Bitcoin.
Comments
shimmeringpath
Nice one - that bottom trendline area is basically where the bottom of the 12 hour Bollinger Squeeze is - seems like a target - exactly where your chart is showing .
Cryptorphic
@shimmeringpath, Yes. Thank you
aminmortazavi000
Brilliant
Cryptorphic
RLinda
A potentially successful plan. Thanks for sharing)
Gold-Tech
Wow, this is interesting. Your idea is mostly correct
Balabalois
thanx, great!!!
Cryptorphic
@Balabalois, Welcome
melikatrader94
great work. I am interested to see your ideas.
Cryptorphic
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