BITCOIN CHART PERSONAL ANALYSIS IN THE SHORT TERM (SLAUGHTER!!)
Warning, I repeat warning! This is a very urgent matter that we need to discuss. 21,400$ will not hold, I repeat, it will not hold. As you can see we have so much downward momentum because of the fact that the SP500 and the NASDAQ have been rejected on their monthly resistance trendlines, you might be wondering what trendlines? You can see a NASDAQ chart in my profile, a multi-month resistance trendline dating back 2021 exactly where it U-turned from the top. Please be cautious of longing anything right now until we respective lows.
My current speculation is that once we drop to 19,400$ we will have a reaction rally up to 20,000$-20,800$ where this will be IMMEDIATELY shorted on the coming weekend. We'll most likely have a period of consolidation in the weekends and a continuation dump once market opens on monday or we can also dump on monday while we consolidate now at 21,400$. Be warned!
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My current speculation is that once we drop to 19,400$ we will have a reaction rally up to 20,000$-20,800$ where this will be IMMEDIATELY shorted on the coming weekend. We'll most likely have a period of consolidation in the weekends and a continuation dump once market opens on monday or we can also dump on monday while we consolidate now at 21,400$. Be warned!
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Comment:
Invalidated pattern. Will probably happen a few weeks from now, I see a potential reversal.
Trade active:
BTC short position established on 21,712$ with x10 leverage. Validated chart.