BTC USDT 4H ChartSo, This is the time to touch the support again.
25k coming soon....
Ready to Short #BTC
Btcusdttrade
BTC Setups - 19 June 2023Possible for Scalp Short and Swing Long Setups. BTC got support from 24800 which is a Key HTF SR Flipped level. Now to strengthen its journey towards late 20s, it must retest last resistance successfully.
THIS IS BITCOIN TETHERUSSo as you see on 4H there's CHoCH so I created first POINT OF INTEREST { POI } for long and now waiting for Mitigation so I placed an order for long! But then we saw a rejection on 16FEB23 21:30 with big candle and small body. Next day on 17FEB23 1:30 another HUGE RED CANDLE so I have to mark POI so I mark another POI and wait for Mitigate. MITIGATION means we have to wait for the market to come in the POI price entering the box is called MITIGATION.
18FEB23 1:30 price entered the box and we can see a price consolidate.
19FEB23 13:30 placed short entry and my SL is above New HIGH which created on 16FEB23 21:30 @25250
RRR 1:3
21FEB23 13:30 we saw a rejection again! REJECTION FROM PREVIOUS HIGH!!!
CORRECT ME IF I'M WRONG!!!
Go short if it breaks the red line stronglyYou can go short on BTC/USDT if it breaks the red line strongly and can achieve the targets (1 or 2) accordingly to your risk to reward ratio. OR you can plan to go long if the price the upper trend line (Green).
