ProjectSyndicate

XBTUSD 8h: FAKE triangle breakout, then DUMP(NEW)

Long
BITMEX:XBTUSD.P   Bitcoin
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XBTUSD 8h: FAKE triangle breakout, then DUMP(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as LONG as I expect short-term gains.

🔸 Summary and potential trade setup
::: XBTUSD 8hour setup
::: speculative trade setup
::: price compressing into triangle
::: not a big fan of triangle setups
::: possible FAKE upside breakout
::: price may reach 10300/10400 USD
::: on tech overshoot
::: and FAST/SWIFT reversal from that level
::: resulting in subsequent dump later
::: possible setup / still SPECULATIVE
::: good luck traders
::: short-term traders can BUY dips
::: near 9150//9250 as we are going UP
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BULLS
::: Sentiment outlook short-term: BULLISH
Comment:
boom. just dumped from my level.

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