Took this Short on BTC
BTC has took the LQ, Now it will trap all the long position.
We can see a massive sell from these levels.
Before that we need to a Change of Character,
i took this risky short, lets see how it plays out.
As, 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...
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.
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