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MadWhale
May 10, 2023 2:44 PM

BITCOIN parallel channel and more range correction expected ❌🧨 Short

Bitcoin / TetherUSBinance

Description

β‹…
Hello πŸ‹
we can see more correction to the downside, at least close to great daily support level ($26000 to $27000) ❌🧨❌🧨❌
in other word
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨
otherwise
we can see more gain to upper resistance level βœ”οΈπŸš€
for
any other huge pump, we need more correction πŸ“–πŸ“–πŸ“–πŸ“–πŸ“–
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨

brief amount of green candlesticks to the upside before any other movement is logical πŸ“–πŸ’‘


πŸ‘Œ Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) πŸ“–πŸ’‘

Please, feel free to share your point of view, write it in the comments below, thanks πŸ‹
Comments
SwallowPremium
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It was so interesting to read, keep up the good work.
LegionQ8
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looks good to me good luck with the trade
FirstNameHelen
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Great job boss !
pejman_zwin
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You have a great eye for trading and making profitable investments.
KlejdiCuni
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I really like this pattern. It can work out very well. Thanks for sharing
DeGRAM
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Thank you for sharing your analysis
WalterMoon
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Nice BTCUSDT explanation mate
Tolberti
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I like your analysis!
TNT13
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News plays big role in movements, but let’s not forget about whales. We have good news today, so btc is growing. But in fact, we are in bearish market by Wyckoff, now collecting liquidity to around 29k then distribution will come to MA200 at least or lower, then pump again and down to 16k on bigger TF.
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