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BTCUSDT H16: HIT TARGET 28 000 USD TP2 PENDING(SL/TP)(UPDATED) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: BTCUSD H16 chart review ::: original setup was posted ::: on April 25th alerted SHORT ::: at 38 000 USD ::: TP1 BEARS hit at 28 000 USD ::: congrats if you followed ::: TP2 PENDING NOW 26 000 USD ::: UPDATED/REVISED OUTLOOK ::: SHORT alerted at 38 000 USD ::: DUMP in progress right now ::: Limited upside / Expect more losses ::: With UST /LUNA scheme - crypto in trouble ::: so CONSERVATIVE TP BEARS is 26 / 28 000 USD ::: if we get bounces - RESHORT IT! ::: rising wedge in downtrend ::: broke down already + re-tested ::: EXPECT DUMP in CRYPTO ::: Also STOCKS/NASDAQ - MAY WEAK MONTH ::: BEARISH CHART limited upside ::: BEARS should focus on SHORTING RIPS / MARKET SELL ::: TP BEARS based on measured move 26 000 USD ::: expecting fresh selling this week ::: not a bullish setup / BULLS should stay out ::: heavy x3 rejection from overhead ::: weak structure / BEARS taking over ::: however market structure is WEAK ::: so expect RIPS/RALLIES to get sold ::: to complete the sequence ::: near 26 000 USD ::: recommended strategy: SHORT AT MARKET ::: BEARS TP1 32 000 USD TP2 26 000 USD ::: BEARS SHORT/HOLD at market ::: expecting short-term DUMP ::: good luck traders! ::: SHORT/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/DUMP/26 000 USD ::: Sentiment short-term: BAERS/DUMP
RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.