Short Position 91 pips

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Contraction from a higher time frame, demand zone, I read reversal soon. ATR value zone. Just an idea possibility in calculations once BTC started the little dip with risk reward ratio which is or was headed to demand. Then uptrend expected.

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ملاحظة

Still aiming to 41K plus target, this short position points to last years FOREX contraction. As I explained before contractions are magnets to a trend.
If trends never moved up and down from contractions then it’s like saying: gaps never get filled although there’s certain gaps I ignore which are the shorter times, in the same way with contractions.

THE FOREX MASTER PATTERN created by smart money is in process from when BTC crashed.
I never judge crypto alone. Only by CPI, NYSE, and DXY.
NEVER BY WHAT OTHERS SAY, NEWS etc.

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ملاحظة

Downtrend was a forex fake out. Made its way to contraction zone. Next move is above the contraction. BTC trying hard to pass big OB. Once it passes $40,300 then comes the next OB at $$40,735. May stumble along the way.
Forex will cause some ups and downs.
Until tomorrow I’ll have a wider look. I’m sure there will be a good dip before another uptrend but no crash or below BER:33K like other ideas say.
For now BTC reads UP.

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ملاحظة

BTC needs to pass $40,735; if so, we don’t know how high this could go. More or less is 41K plus right above the contraction. Then must dip somewhat.

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ملاحظة

Well what do we know; made it to $40,731.

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أغلقت الصفقة: تم الوصول للهدف

This chart has been executed. Mission completed

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ملاحظة

Short traders should consider to sell at your own decision. No financial advice.