Intro: Chart speaks for itself. We could be on a small correction, we could break above the trendline only to get more longs to trap when we break below again.
Add more to your short at $68052.14 AFTER THE RETEST!
Link to the indicators below
Note
Price has not retest yet! A sell signal has been printed around current price:
Note
Looking at the Daily Timeframe and using my indicators, I estimate that we could go lower before rebouncing.
Last time I got a signal like this was the 15th of january. It took 28 days before we revisited the previus high from then.
This means you MUST be patient when accumulating your positions. Don't have paperhands.!
Trade closed: target reached
Good job, All targets hit and currently near the zone that I warned you all about. Additional entry to your short at the level I wrote would have given you an additional trade of 2.4R
Note
This zone has been respected multiple times. I do believe market is waiting for bad news to break below it, right before the halving. Obviously to shake out longs
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