Bitcoin short possibility

hello ladies and lads.

Pattern:
Bitcoin can be at the end of its 4th wave and at the start of its 5th wave.

Time: we are near to a time Cluster:

Second wave ERet: 2.00 fib
Third wave IRet: 4.00 fib

Momentum:
in both Daily and 4H time-frames, DT Oscillator is in Over Bought situation.

There is a possibility of short positioning if there would be a strong BEARISH candle around 40000$
Of course this can be invalidated if 40000$ resistance broke with a strong BULLISH candle which has great volume within it.

Giao dịch đang hoạt động:

in daily chart now can see a candle stick pattern called "evening star" right under 100 and 200 EMA + 40000$ static resistance.
based on this sign, you can open a sell position with SL above the 41500$. and your 1st TP = 35000$ and as the 2nd TP you have 32000$.

but be-careful if we are in 5th wave, there is a possibility for Truncation.

thanks for your time guys.
Good Luck!

Bình luận:

its going well, you can risk free your trade.

the TPs (1st TP = 35000$ and as the 2nd TP you have 32000$. ) are still possible.

Cheers!

Bình luận:

Bitcoin is going down heavily at the moment. the odds are veryhigh to see another low now. or at least a truncated of a 5th wave.

Cheers.

Bình luận:

this is going well.
RISK FREE it if u didnt,
hope we get our TPs.

cheers!

Giao dịch được đóng thủ công:

Close All Your Trades.
Dont Be greedy on this one.
hope you all had a nice sell position.

good luck