BTC (1H) - Another Triangle above support ? You should be scared

Apr 13, 2022

Hi Traders,

As you can see, BTC is forming some overlaping structure above strong support, so my expectation is: Somebody is buildng a BIG short position to break it DOWN.

BUT, Be prepared for both directions and wait which trendline will be broken ;)



Take care and trade safe.

Apr 13, 2022

Note

Smaller TF:

Apr 14, 2022

Note

Triangle formation was broken, hence I suppose it could be abc bear flag or some similar structure where wave c is ongoing.

Small TF:

Apr 14, 2022

Trade active

As long as the move from 48K to 39,2K can be identified as impulsive wave down (1 or A)... I expect at least another one Wave down ...(3 or C)

If its wave 1 ... then hold your seat and get ready for a ride. It will be Volatile.

As long as the move from 48K to 39,2K can be identified as impulsive wave down (1 or A)... I expect at least another one Wave down ...(3 or C)

If its wave 1 ... then hold your seat and get ready for a ride. It will be Volatile.

Apr 14, 2022

Note