Bitcoin is in a micro range for now. it will slowly move up till 26k and then drop with a dramatic Bull Trap.
if price break out of the channel to the downside. final bearish target is 7k to 8k.
overall its not looking good for BTC
if price break out of the channel to the downside. final bearish target is 7k to 8k.
overall its not looking good for BTC
Comment:
Short term Longs are active till we reach shorting price.
Comment:
longs set to breakeven. partial close @24k
Comment:
Closed Longs partially. waiting for 21k retest
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21k retested, but there is still a possibility of getting down to 20k after this monthly candle closes. and then resume the climb
Comment:
Well, as planned price went back to 20k. if 21k holds we climb back to 26-28k or even further.
scalp longs active now
scalp longs active now
Comment:
price broke the channel and is heading lower now. looks like our short entry came early.
Comment:
final short target would be around 8-5-9k. which will also mark as the Bottom and new cycle. remember this is not a sprint, so it will take months to complete
Trade closed manually:
scalp longs are all closed. big short is already 900 points in. missed the early short. but now its doom till 8k.