#BTC/USD SHRT OPPORTUNITY. Perfect Setup with HIGH R:R!

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Welcome to this quick update guys.
When everyone was yelling at 7800 when BTC went to 83xx.. I told you don't panic sell. This is the time to long we made some good profits on this move.
I speculated a move upto 9400, see my previous analysis. The link is given with this update,
Let's get to this chart.
If the current hourly candle closes above the white resistance trendline we can retest the previous local high 10180, If not we will retest the 200 D MA within the next 48 hours.

We can consider opening short around:

ENTRY: 9685 T0 9970

TARGETS:

$9562
$9480
$9355
$9150

STOP LOSS (Must): $10044


Please hit the like button If you like this update.
Thanks again.

#PEACE

١٤ مايو ٢٠٢٠

ملاحظة

First Target achieved.

١٤ مايو ٢٠٢٠

تم فتح الصفقة

Place your Stop Loss if you entered short.
I expect a continuation to the upside to trap the late longs before crushing to the downside.
This theory invalidates only on the break of $10785

١٥ مايو ٢٠٢٠

أغلقت الصفقة: تم الوصول للهدف

Congratulations guys Targets achieved in 15 hours:
TARGET 1: Achieved
TARGET 2: Achieved
TARGET 3: Achieved
TARGET 4: Closed manually.

١٥ مايو ٢٠٢٠

ملاحظة

Welcome to this quick update guys.
BTC /USD seems like it is forming a Bullish Flag in smaller TF.
Last update has been very accurate and I hope you made some profits if you followed.

In this chart you can see the Price retested the 200D MA as per my last update and bounced from there.Important Support levels:

1. 50D MA: $9428
2. 85D EMA : 9278
3. 200D MA : 9258
The dotted line shows the potential expanding CHANNEL in formation.

I am expecting the price to follow the arrow as shown in the chart.

$9980 to $10185 is important Resistance area .
Any break above these levels will take price to 10700 level which seems unlikely at the moment. Until then I am bearish .

IMPORTANT NOTE (WARNING):

As of now most of the traders are posting bullish charts besides weekly candle got rejected from the global trendline Resistance. Guys I think a brutal breakdown is likely if we don't break the 10700 level soon.
So what should we do? I will be tethering the 9980 to 10200 level I I get the chance.
In case the price breaks above the 10700 mark I'll buy back in but IF the price goes to lower levels like $7800 $7400 or even $6800 I will have the opportunity to buy lower.
What do. you think?
Is it a good idea?
Please share your views and comments.
Follow me for more future updates and give it a thumbs up if you like https://this.https://www.tradingview.com/chart/BTCUSD/rogBS82A-BTC-USD-Sideways-action-Is-it-Bullish-or-Bearish-Breakdown-Inc/