BTC has took the LQTook 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.
Shortbtc
Sell #BTC around 20900, SL 21070 & Target of 20450Sell #BTC around 20900, SL 21070 & Target of 20450, you can adjust to trailing SL every 100 or 150 point downside
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
