XBTUSD H4: XABCD / Bear Flag / SHORT IT! (SL/TP)(NEW)

Oct 3, 2020

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XBTUSD H4: XABCD / Bear Flag / SHORT IT! (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: XBTUSD 4hour chart review/outlook
::: speculative XABCD setup in progress
::: requires confirmation
::: SHORT/LONG sequence
::: currently bear flagging
::: point D/PRZ near 9550/9650 USD: BUY LOW
::: currently SHORT IT TP 9550 USD
::: previously rejected at 11 000 USD
::: TP BEARS is 9550/9650 USD later
::: BULLS focus on buying LOW later
::: near 9550/9650 USD
::: recommended strategy: SHORT IT / SHORT rips/rallies
::: ENTRY NEAR 10600 USD SL 400USD TP 9550/9650
::: SWING TRADE: BUY LOW 9550/9650 USD
::: SL 400 USD TP1 10 500 USD TP2 11 500 USD
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/9600USD
::: Sentiment outlook short-term: BULLS