A plan SHORT for BTC
1. I saw a "Break Down cloud" - follow trend signal on the chart in Time Frame M15
2. I saw Main Trend on M15 timeframe showed that : main trend = DownTrend
3. I saw Main trend on H1 - M30 - M15 also : Downtrend
Conclusion:
Setup a SHORT plan with RR= 3 BINANCE:BTCUSDT.P
Entry Zone : From 97300 to 97900
Target : 92699
Stoploss = trailing SL with the Cloud trending system SL on M15 TF.
Shortbtc
BTC wait for longs and shortsAs, we see BTC/USDT has been consolidating from last 14 days, so
1) If BTC/USDT breaks green trendline than it would be good to short on retest, and it is also forming a flag pattern (which is a continuation pattern) so we might see big correction with minimum 10% of move downside
2) But if bulls manage to break out of this kind of side-wise trend than it will show big move upside
So, huge moves are coming, if we break this sidewise trend (probably downside)
price might consolidate(or retest or take pullback) before breaking out
(Don't open any position on wick)
(Don't take trades based on this idea, even I don't trade according to my idea)
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)
BTCUSDT Dipping Check it Fast.Right Now Its Looks Like BTC Breaking the uptrend line.
Check the Support At 6400
Second Support at 6350
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan