Hey, shorting BTC/USDT.
The first take profit target is at 31k (25%).
The main target is 26.6k (100% of the left position can be closed). 26.6k is 0.618 on Fib retracement and I hope it will find major support there.
If we break the global head & shoulders pattern we will see BTC at around 16.5k, big volume entered the market at that price from early Oct 2020 till the end of Nov 2020.
However, if we break from that area (16.5k) it will go as low as to 3.4k-8.9k range.
P.S this is not financial advice. I'm just showing my vision of BTC and what I'm gonna do at this point, this is TA and things can change.
The first take profit target is at 31k (25%).
The main target is 26.6k (100% of the left position can be closed). 26.6k is 0.618 on Fib retracement and I hope it will find major support there.
If we break the global head & shoulders pattern we will see BTC at around 16.5k, big volume entered the market at that price from early Oct 2020 till the end of Nov 2020.
However, if we break from that area (16.5k) it will go as low as to 3.4k-8.9k range.
P.S this is not financial advice. I'm just showing my vision of BTC and what I'm gonna do at this point, this is TA and things can change.
Comment:
ok, I have an update to this, just want to make it clear that I will start shorting at 15th since now it's too dangerous