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P_S_trade
Sep 11, 2020 2:31 PM

BTC. 6h. Locally we expect $9210, global target remains $5650 Short

Bitcoin / TetherUSBinance

Description

BTCUSDT. This is a closer look at our global idea:


We expect that now we have the 4th wave (horizontal volumes confirm the negative delta of the trades, that is, sales).
Ahead we will have a strong impulse down to $9210. Squeezes are possible up to $8960 (it is ideal to place a ladder in this zone to close the shorts)

The final confirmation of the scenario is a break of $10,000 on volumes down.

The basis for recalculating the scenario and targets is the price growth above $10,600, where a lot of people want to short (but usually it’s not given to everyone who wants to))
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Comments
venkatc
Nice analysis bro....provide few more technical details
PolarHusk
GoodPotential
aminnima_908
hello !seems you like short. but you don't see again 5600 or 6000 !
BakiShirzadi
Good job
Saeed966
Nice analysis
nabil92nar
is it really going to work according to chart ?
Dan_Sulit
Same analysis here. Now, im at 9 days in position short selling.
drost2000
I'm just a beginner in the crypto world but is it weird when I wonder why I don't hear anyone talking about the super clear bearish flag pattern I see?

Feel free to correct me if i'm wrong?
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