Have been following and updating this chart since 2017. It has been playing out nice which is the reason i thought of sharing it with the community.
Here we can clearly see BTC going down in a step by step fashion.
There is no doubt that 42k will be tested again and if it break 36k is on the horizon.
My entry targets for this short would be in 47-49400 zone .
Sl at 53k
Profit taking zone - 42k, 36k & 31404
Good luck!
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Will wait for todays daily close before taking a position, even though i feel confident that btc will be going down yet i assume BTC could go as high as 56k before the reversal to downside.