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Short

XBTUSD H4: Distribution / RESHORT IT TP 9400 USD(SL/TP)(NEW)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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XBTUSD H4: Distribution / RESHORT IT TP 9400 USD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
losses and mid-term losses. RESHORT IT.


🔸 Summary and potential trade setup
::: XBTUSD 4hour/candle chart review/outlook
::: tagged SHORT because it's BEARISH now
::: mid term also BEARISH outlook
::: distribution at the top
::: breakdown followed to print 10 000 USD
::: currently throwback in progress
::: RESHORT IT and get paid
::: expecting a 15% correction to follow
::: to complete the bear sequence now
::: BEARS should short near 11 000 USD
::: we are setting up for a correction now
::: short from overhead and get paid
::: recommended strategy: SHOR IT 10 800 / 11 000
::: TP BEARS is 9 400 USD
::: SWING trade setup / no fast gains here
::: BUY/HOLD / do not expect miracle gains
::: SL is 3% max
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: BEARS
MT4/MT5 SCANNER FX/CRYPTO/US SIGNALS SL/TP
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BEFORE/AFTER ANALYSIS
https://THEPROJECTSYNDICATE.BLOGSPOT.COM/
CHANNEL TA/SIGNALS SL/TP
https://T.ME/THESYNDICATE001
DETAILED SCANNER RESULTS
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Comments

I think the forecast is correct and EURUSD will rise.Good work
+1 Reply
@Sujina, great
Reply
now its happening nice forecast..
Reply
Sniper's eye. Well done!
Reply
Good luck
Reply
look like we are in sell zone
Reply
Yes! expect the dump to that area too :P also forming rising wedge on 1h. its going to break down soon i guess (its more indicators stalling the same) :P
Reply
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