weslad

Bitcoin Preparing for big correction

Short
weslad Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hey guys,

I will make this real fast,

Let start with weekly candle this tell us BTC is upto something nasty as we have huge bull pull but failed to break the top level so far this si a weakness and its a big sign of Bear to be in control soon.

Monthly candle need to hold above 9350 for the bull to have firm stand which I believe is very hard to achieve right now. Any close of price below this zone will be dangerous for upside move.

Narrow it down towards the smaller time frame we have the channel in a bigger form and it all say same thing with possible top to be in.


I want everyone to know market is very hard right now to analyses, because of this I will keep an eyes on the market and try to provide us update every 8hours to see how market develop.

I am bearish for now with all these views.
Trade active:
Spotted potential Bearish Bat formation with target shown on the chart

Trade closed: target reached:
First target achieved

Trade active:
Can BTC fulfill this pattern move and dive like this? potential bearish pennant

Trade closed manually:
I will work on fresh update. I closed this idea here right now.

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