$BTC -The Next Big Short

- Another Bearish Perspective was shared to updates of idea 'The Struggle Continues'
Bearish Pattern of Rising Wedge pattern playng out pre-Halvening with a 40% Measured Move Target
Congratulations to those who saw this coming and took entries
Our TP1 was hit in a very short period of time resulting to 300%+,
now looking ahead for TP2 while trailing SL.
Next shorting opportunity from here is to see for technical bounces during this weekend and upcoming days.





TRADE SAFE !
*** Note that this is not Financial Advice !
Please do your own Research and consult your own Financial Advisor before
partaking on any trading activity based solely on this Idea

Commentaire:

Commentaire:

Similar Bearish Pattern (Rising Wedge) a year ago
(IG Story Memories 19Aug/22)

Transaction en cours:

Looking to add more into the current short position,
heading for TP2 from here and probably even lower after today's
Jackson Hole Feds speech.

At the chart attached on zoomed out view,
will be using 200EMA as reference for Stop Loss (Slighly higher from it just in case it rallies a bit on next week's openings)

Also zooming in and placing a fibb retracement confluence for short entry