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BTCUSD H4: CAN hit 36 000 USD in complex correction(UPDATED)

Short
BINANCE:BTCUSD   Bitcoin
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BTCUSD H8: CAN hit 36 000 USD in complex correction(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH pattern . correction NOT OVER yet!


🔸 Summary and potential trade setup
::: BTCUSD 8HOUR chart review/outlook
::: ongoing correction / distribution
::: based on 10 years of data
::: previously compression into rising wedge
::: broke down / re-tested the structure
::: more downside possible next 4-6 weeks
::: based on measured move projection
::: final TP BEARS is 36 000 USD
::: expect target to get hit in June 2021
::: Bulls should wait for the BEAR structure
::: to complete now, buying near 36 000 USD
::: would be the best strategy
::: however right now BEARS maintain control
::: until we hit 36 000 USD later in January 2022
::: recommended strategy: short sell rips/rallies
::: BULLS get ready to BUY LOW later near 36K
::: so just sit out the correction now
::: good luck traders!
::: BEARS SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/36000USD
::: Sentiment outlook short-term: BEARS

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