BTC bellow 32k from 35k Short

BINANCE:BTCUSDT.P60

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Jun 20, 2021 5:43 PM

I expect BTC to fall bellow 32k from here.

(not financial advice.)

Comment

⋅ Jun 20, 2021 5:50 PM

here is one of my favorite chart which worked very well:

Comment

⋅ Jun 20, 2021 5:58 PM

Strong Support @31836 on BTCUSDT:

AND

Strong Support @32341 on BTCUSDTPERP

Comment

⋅ Jun 20, 2021 6:25 PM

I also see a possibility of 28k zone however that is very unlikely :

Comment

⋅ Jun 20, 2021 7:25 PM

Enter Long on breakout:

Comment

⋅ Jun 20, 2021 7:46 PM

Fake breakout?

Trade closed: target reached

⋅ Jun 21, 2021 9:58 AM

Trade closed: target reached

⋅ Jun 22, 2021 4:37 PM

another target reached:

Date: Jun 21
check the comment where i wrote " I also see a possibility of 28k zone however that is very unlikely :"

Comments

ponzialchemist

⋅ Jun 20, 2021 5:49 PM

looks good👍🏼

tvcross

⋅ Jun 20, 2021 5:59 PM

@metalalchemist, Thanks, check out the updates on this Idea.

ponzialchemist

⋅ Jun 20, 2021 6:00 PM

@tvcross, yes I did, completely agree. I see 31k and then bounce back to 37/38k area, only to crash back to 20k..

tvcross

⋅ Jun 20, 2021 6:17 PM

@metalalchemist, Nice, 20k is the next Strongest zone I agree, however we have weekly support between 25k-26k which i think should be considered as my opinion is BTC gonna take some time before 20k maybe at least another 2/3 months IMO. :)

ponzialchemist

⋅ Jun 20, 2021 6:19 PM

@tvcross, yes, you are right! 20k will need some journey! But this bounce to 38k from 31 should be quick, June 25 is options expiry - max pain currently at 40k