Previous position, we took profit and got stopped out at a profit.
Bitcoin is still in a big falling wedge formation, and as I've discussed on twitter large macro patterns have been respected nicely so far, including the falling wedge .
We're going to set up our next play by shorting the supply zone around the top of the wedge , which also potentially sets up a Head and Shoulders formation.
We will scatter sells in the supply zone , with our stoploss being the previous distribution zone.
We ask ourselves, what are the probabilities? And the probabilities are still, that Bitcoin will make new lows and hit 3k.
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First small sell order filled, I don't think we are going down yet for the big dump(bull divs on lower timeframes on this dump). Like in the chart, I do expect to hit above 7k, possibly even 7.2k followed by distribution and a dump to the lower trendline of the falling wedge. Could possibly even drop out of the wedge.
Ghi chú
Incase there is a bigger volatillity breakout drop now be on standby to market short
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More sells getting filled on the supply zone. Bearish divergences on 1h and 4h chart. Looks like it's going to be over for bulls soon.
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Sells in the supply zone filled. BTC immediately spiking down after hitting top of the zone. Time to say goodnight bulls.
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Try to countertrade me. Try it.
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Take some profit and put stops in profit you get it yada yada
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