ProjectSyndicate

BTCUSD D1: CAN hit 30 000 USD in complex correction(UPDATED)

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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BTCUSD D1: CAN hit 30 000 USD in complex correction(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH pattern . correction NOT OVER yet!
click play to recap previous update.
my target was 30 000 USD, already hit.


🔸 Summary and potential trade setup
::: BTCUSD daily chart review/outlook
::: MAY/JUNE weak period for bitcoin
::: based on 10 years of data
::: previously compression into rising wedge
::: broke down / re-tested the structure
::: more downside possible next 4-6 weeks
::: based on measured move projection
::: final TP BEARS is 30 000 USD
::: already 40% OFF the HIGHS
::: broke 50K USD and broke 40K USD
::: expect target to get hit in June 2021
::: Bulls should wait for the BEAR structure
::: to complete now, buying near 30 000 USD
::: would be the best strategy
::: however right now BEARS maintain control
::: until we hit 30 000 USD later in June 2021
::: recommended strategy: short sell rips/rallies
::: BULLS get ready to BUY LOW later near 30k
::: so just sit out the correction now
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/30000USD
::: Sentiment outlook short-term: BEARS

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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
أغلقت الصفقة: تم الوصول للهدف:
30 000 USD TARGET HIT ALREADY. STAY TUNED FOR UPDATES.

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