BTC 1H death cross, 4H and 1D pointing to death cross as well. 4H playing in downward parallels trend line with triple top and failed to breakout, imminent correction as 4H shows low volume strength. On top, with all time frames pointing to the downside, expect price to go $30k or even below.
Verdict : Short $34.4k, TP: $30k
Verdict : Short $34.4k, TP: $30k
Comment:
Current price standing at $32k region, 1H time frame is expected to rebound to $33.5k range (automatic rally) and will continue to drop $30k region as per the idea.
Trade closed: target reached:
Closed trade, idea worked out according to plan