TradingView
EthanTW
Feb 7, 2024 5:30 PM

BTC short target 34.5k Short

Bitcoin / TetherUSBinance

Description

2h time frame
-
BTC is creating a small triangle structure, the liquidation zone of this structure is 44500~45300.
Look at the bigger picture, 45000~45430 is the PRZ, which is made from 0.382 Fibonacci tool and project target at 35700~34500. Also, this PRZ(45k~45.4k) is the potential right top of a big double top structure, so this zone would be good to try short with great expected value.
-
TP: 35700~34500 (~+22%)
SL: 46750 (~-4%)
Comments
mac_big_mac
Got to say hi to some central banks.. Let's wait till April until this circus goes to it's end so we can go long)
More