A couple of hours ago I published an Idea, with reflections on the Logic of price movement. Also, contrary to all expectations of an upward exit and breaking of the triangle, I entered when the trend support was broken into the Short.
Which is exactly what I painted on the chart. In my channel I post information about this deal. At the moment, I have completely closed the position with 30% profit to the deposit. Now I’m watching. But I want to say that the decline setup is still relevant. Logically, we can now go to a small correction or to retest the very same trend support.
And if it becomes resistance for Bitcoin, or if the correction does not reach it at all (which is most likely), then the price will go even lower. Behind all our well-known stops and liquidity levels.
This is IF buyers do not show their strength, do not gain volumes and do not enter ACTIVE purchases. Only this can change the scenario that I described. Otherwise, we are moving according to the Plan.
Finally, the fun begins)
Don't forget about risk management.
And I remind you of the previous idea:
Which is exactly what I painted on the chart. In my channel I post information about this deal. At the moment, I have completely closed the position with 30% profit to the deposit. Now I’m watching. But I want to say that the decline setup is still relevant. Logically, we can now go to a small correction or to retest the very same trend support.
And if it becomes resistance for Bitcoin, or if the correction does not reach it at all (which is most likely), then the price will go even lower. Behind all our well-known stops and liquidity levels.
This is IF buyers do not show their strength, do not gain volumes and do not enter ACTIVE purchases. Only this can change the scenario that I described. Otherwise, we are moving according to the Plan.
Finally, the fun begins)
Don't forget about risk management.
And I remind you of the previous idea:
