BTC Short Update - First Entry Point Hit Hi all, we have hit the first entry level on this trade idea again, and I will provide you with updated numbers.
First of all - to those asking “why” this would happen - please see my related idea on DXY as well as Blackrock.
For those asking “how” it’s possible, please see my tutorial on drawing heatmaps and understanding how bitcoin moves.
For those following my ideas, I explain order block analysis, my theory on how Bitcoin moves, and here we have a trading plan compiling it all together.
In theory, these drops should happen very quickly - as I explain the technicals of it in the order block tutorials.
Entry - 116,300 to 116,800
Stop Loss - (Can be lowered to 118,000)
Targets:
1) 90,000
2) 62,000
3) 38,000
After the third target we will likely rise to 86,000-88,000 area - however the short may be held all the way to 8,000.
88,000 is a major bearish trendline - I expect this will break, we will form a 3 wave corrective pattern and rise back up to retest this level.
4) 20,000 (Potential bottom 18,000)
5) 10,000
God speed and happy trading.
