$BTC -In the Look out for Shorts
*** BEWARE ***
Take Heed
#Bitcoin has already taken out the Highs of pre-FTX saga rug-pull Plunge in just last 6 days and is currently trying to reclaim 200EMA on the *D(daily) , or creating a rounding top confluencing a double-top from pre-FTX highs.
A rag-pull followed by a boring narrowed accumulation zone in terms of price action, with very Low Volume*
In a matter of 19 Days,
#Bitcoin has gone up by a lofty 33 % ;
with Altcoins caravan from behind exploding on avrg. 40-50% + while some have 1-2x .
That is some serious tremendous upside !
Atleast corrections are anticipated in Short Term.
SELL Areas to open Shorts ;
21K - 23K- 25K (0.5 + 0.618 +1)
- Area Targets, in case like myself you are as well in the look out for Shorts and not yet convinced with the Bottom being in.
Reclaiming 30K Level and holding it as support with suggest otherwise to me and I'll be forced to change my Bearish Bias .
- In case you're a Bull suggesting otherwise, claiming The Bottom being in, in the midst of a broken economic system and would like to increase your positions,
Buy during Pullbacks if you are currently on the sidelines.
If you took advantage buying from the Lows, good for you
Moreover look forward to 30K psychological level as Resistance area for a Cilmax Fake Out ,
or reclaiming 30K as Support in order for more upside anticipation during Q1 2023(mid-term) and through out the rest of the year (long-term bull run)
Good job to any one of you who took advantage of crypto markets lately.
Don't get too excited, take some profits aside & play it safe.
Stay in touch with other markets as well, for your own good
Until the next one ,
Trade Smart
TRADE SAFE
-Note that this is not Financial Advise .
Please do your own research before getting your self involved with Crypto Markets.
Take Heed
#Bitcoin has already taken out the Highs of pre-FTX saga rug-pull Plunge in just last 6 days and is currently trying to reclaim 200EMA on the *D(daily) , or creating a rounding top confluencing a double-top from pre-FTX highs.
A rag-pull followed by a boring narrowed accumulation zone in terms of price action, with very Low Volume*
In a matter of 19 Days,
#Bitcoin has gone up by a lofty 33 % ;
with Altcoins caravan from behind exploding on avrg. 40-50% + while some have 1-2x .
That is some serious tremendous upside !
Atleast corrections are anticipated in Short Term.
SELL Areas to open Shorts ;
21K - 23K- 25K (0.5 + 0.618 +1)
- Area Targets, in case like myself you are as well in the look out for Shorts and not yet convinced with the Bottom being in.
Reclaiming 30K Level and holding it as support with suggest otherwise to me and I'll be forced to change my Bearish Bias .
- In case you're a Bull suggesting otherwise, claiming The Bottom being in, in the midst of a broken economic system and would like to increase your positions,
Buy during Pullbacks if you are currently on the sidelines.
If you took advantage buying from the Lows, good for you
Moreover look forward to 30K psychological level as Resistance area for a Cilmax Fake Out ,
or reclaiming 30K as Support in order for more upside anticipation during Q1 2023(mid-term) and through out the rest of the year (long-term bull run)
Good job to any one of you who took advantage of crypto markets lately.
Don't get too excited, take some profits aside & play it safe.
Stay in touch with other markets as well, for your own good
Until the next one ,
Trade Smart
TRADE SAFE
-Note that this is not Financial Advise .
Please do your own research before getting your self involved with Crypto Markets.
Price Action faced 0.5 as Resistance Area
shortly after this idea was released .
Daily Candlestick printed with a Wick refusal to that Zone.
TRADE SAFE