I'm planning on a 2 part trade idea, where I short BTC from the high of day to 27850 and then Long it back to the 30500 area.
Im expecting BTC to top off around 34k+ and then a big drop below 30k, sub 20k easily.
Textbook chart analysis of a distribution schematic #1: Wyckoff Events and Phases.
IM PLACING AN ORDER FOR BITCOIN AT 20,000 WITH A STOPLOSS OF 19,000 AND TAKING IT TO 80,000! This is a big head and shoulder playing out on a much larger timeframe. After 80k, You can see a big drop to 7k, but We'll get to that idea some other time.
I'm expecting a short term relief rally before a continuous to the downside. above $39 I will DCA all the way until $45. If AVAX drop now then I miss the short Trade.