BTC Short Idea Bitcoin Short Idea. R=Risk, Risk of about 3.5%. Targets based on actual risk. The higher the R, the less likely price is to reach that level.
#BTC ◼️Several days I watched SP500 (the stock market, on the right side of the chart), we were on the same footing with him.. The bullish wedge was broken and tested from the back side. Permanent false shadows at the level of 4700… speak of fixing the position by the big players. ◼️On the left is my #BTC plan…. A cluster of long liquidations is stuck at 42***,...
People have been wish-ful-thinkingly seeing a very early inverse H&S on Bitcoin for some time now, but that very inverse head & shoulders really seems to be forming that last shoulder. Given the difference between the left shoulder and the head being around $4K, and the neckline around $11,5K – this would give us a target of $15,5K for this inverse H&S. Note...