TradingView
Luppa90
Mar 2, 2022 10:10 AM

BTCUSD: Market makers printing the same structure? Short

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

I was looking at the price action and found it oddly familiar. Looking through the chart a bit, it turns out what's happening is pretty much the same price action as we had on the 21st of January dump, but inverted. It would also weirdly make sense to follow this pattern: some chop first, then pump to 46k, taking out the previous highs, getting the fomo going and the shorts out, and getting even the bears to start longing to 50k. And then when everyone's targets are upwards we go down.

ENTRY: Between 45.9 and 46.3
SL: Between 47.1 and 47.5
TP: At least 40.5, but could probably ride it all the way to ~36
More