Following on from our last post, we indicated that there's a final bearish wave left. We are now on the verge of breaking down for the final time.
Once this bearish leg is completed, we will be looking for bullish price action for the next bull run.
Shorting Bitcoin here will be a bit risky with limited gains to be made. The bigger and better trade would be to wait for Bitcoin to bottom out and then look for buys.
However, if you want to trade the final shorts, approach it with caution.
SHORT Trade Idea: - Watch for break of red ascending trendline - Once broken, enter with stops above the recent highs - Targets: 17700, 16000, 14500
We'll be back with an updated post once this bearish leg is done.
@pejman_zwin, just let this away , and don't look at others analyse because u will get washed . and they will not show you and respect or sorry for their VIP call.
i have been there and experienced the fake signals providers. and mr wick was one of many . i got attracted to his chart , but trust me , vip is such fake and ask yourself why all my comments are deleted. :D
pejman_zwin
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@Malkayed, I don't follow anyone, you can see my following :D, Thanks for sharing your idea with me.