weslad
Short

Bitcoin time for quick short (RISKY CALL)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Hi guys from my last update I talk about potential THREE DRIVE pattern on BTC which gave me the confidence to predict a possible one more leg up which really happen as predicted and the target is already achieved on that.


Now its time for short call although as you know market is somehow risky, I'm going to tagged this as risky call so I provided a stop loss for the call.

Targets are show with our immediate target lies at 53xx level and final short target at 47xx Zone.

I wish us all the best. Please trade with care.
Trade active: Having this on Binance with USDT

Trade active: Price surge back again to re-test the top level and failed to closed above our trendline, We are holding on to our short call.

Trade active:

Trade active: Do have a look on BTC dominance chart.

Trade active: Potential rising wedge on XBT

Trade active: Price reach our immediate support zone at 5610 Level

Trade active: Price trading in typical falling wedge like pattern with immediate resistance lies at 5713$ Zone, if this level break we have high tendency of making new high with target at 5895$.

My plan is to wait for the breakout of this pattern, if it break down then this will easily take us down to 5325$ Level.

Trade active
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I do expect declination from 6400 $ towards 4700$, not earlier than that.

You have it posted on chart as impulsive point E (5800$ which was reached in 4 days time).

Now comes potential consolidation and 6400$ (i.e. 6380 safe/conservative), then downward momentum which will rip out limbs of those staying long by liquidating them entirely and creating massive volume which should trigger another spike and make lower high from that point (i.e previous higher high (5800), but that comes later.

For now, lowest on btc we could expect is sidewalking several days towards 5400$ level as enabling altcoins to express themselves.

Don't take me wrong, i'm just trying to be precise.

I don't mind getting critics.

Any constructive ideas and critics are welcome.

Regards guys.

Wish you happy earnings.

Reply
Yeah, short is more wisely at this stage :) Breakouts mean volatility ride and here We can expect tasty pullbacks :)
+1 Reply
weslad pinfkloyd
@pinfkloyd, thanks for sharing your view with us
Reply
I do expect declination from 6400 $ towards 4700$, not earlier than that.

You have it posted on chart as impulsive point E (5800$ which was reached in 4 days time).

Now comes potential consolidation and 6400$ (i.e. 6380 safe/conservative), then downward momentum which will rip out limbs of those staying long by liquidating them entirely and creating massive volume which should trigger another spike and make lower high from that point (i.e previous higher high (5800), but that comes later.

For now, lowest on btc we could expect is sidewalking several days towards 5400$ level as enabling altcoins to express themselves.

Don't take me wrong, i'm just trying to be precise.

I don't mind getting critics.

Any constructive ideas and critics are welcome.

Regards guys.

Wish you happy earnings.


Reply
weslad milanjelic
@milanjelic, thanks for shring your view with us
Reply
weslad FreemanIT
@FreemanIT, thanks for sharing with us
Reply
@weslad, I wish us good luck! :)
Reply
I share the same idea but imho your SL can be a bit higher.

+1 Reply
weslad CryptoRaven
@CryptoRaven, thanks for sharing your view with us
Reply
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