BTC to the MOON - Not Yet! 1 more drop is left.

Current consolidation could go on for another 3 days but in the end I believe BTC has 1 more drop left.

Multiple rejections from 4k resistance.
Couldn't manage to reach 618. Got rejected there.
The downward momentum is really high atm.
Forming another descending triangle.
Bullish Divergence has been forming on 4hrly timeframe but we have 1 more drop left before making a healthy bounce.
My Trade Setup is also mentioned.

Comment:

IGNORE THE INITIAL ENTRY 3740.
Copied the call out button but forgot to change the TPs
TPs are as follows
TP1 -> 3395
TP2 -> 3210
TP3 -> 3005

Comment:

Comment:

BTC has been pushing up towards the end of this symmetrical triangle.
We could see a push towards 41-4200 if we break out.

Comment:

New 4hrly just opened.
If we don't break the top, we could see XBT going down towards the bottom of the triangle and test the bottom once again.
Which I believe will break if tested once again.

Comment:

Comment:

Currently sitting at my Average Entry. I'm closing a portion of my position (extra contracts) to reduce the risk if the trade goes in opposite direction.
Rest it's looking alright for another test of the bottom.
With current Avg Entry - I'm looking to take profits as follows
TP 1 -> 3880
TP2 -> 3740
TP3 -> 3610
Leaving 50% of my position open after taking profits at above mentioned TPs.

Comment:

My 2 cents

Trade closed: stop reached:

SL hit