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ProjectSyndicate
Jun 5, 2020 4:54 PM

XBTUSD H4: ABCD bears, expectng weakness 8400/8800 USD(NEW) Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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XBTUSD H4: ABCD bears, expectng weakness 8400/8800 USD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: XBTUSD 4hour chart review
::: heavy resistances overhead
::: upside limited short-term
::: expecting 10% mark down to price
::: recommended strategy: short RIPS/RALLIES
::: ABCD BEARS setup on 4 hour chart
::: TP1 bears 8800 USD
::: TP2 bears 8400 USD
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand 8400/8800 USD
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook short-term: BEARISH
Comments
RaakeshhNair
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Is this idea still in play after yesterdays impulse rise?
CryptoCheck-
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EOS Is About to Explode Higher - Lets Trade It
CryptoCheck-
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Very nice idea
MartyBoots
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BCH is about to EXPLODE Higher
MartyBoots
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awsome work
Sedali
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Very nice work :) you have nailed every move for the past week!! Do you think we already started the dump or is there a chance for another retest of 9800 before finally going down ? Thanks a lot man!!
Fedabdn
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Thanks
ProjectSyndicate
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@Fedabdn, +++++
keifer
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Looks great!
ProjectSyndicate
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@keifer, appreciate it, thank you
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