BTC USDT outlook

Bitcoin / TetherUS BINANCE:BTCUSDT

Soufian5

BTC USDT SHORT OPPORTUNITY:

Short BTC @ 29,800, I’m honestly already in a short since 29,324 but could go higher to 29,800, maybe 30,200 and then reverse.

But I’m taking the risk cause it might not reach those highs and just drop from here as it is in a rising wedge & bear flag form.

Stop Loss 30,800

1st TP 27,000
2nd TP 25,000 @ 200 Weekly EMA

Now lets not forget U.S equity markets very correlated and, Trade is valid till we see a rebound in U.S equities, but am leaning bearish there as well.

You might be interested in …

Trading View May 5, 2022

Cult Dao continues to impress me from a technical perspective!

Cult Dao continues to impress me from a technical perspective! CULTUSDT SPOT BITGET:CULTUSDT stewdamus Traders, From a technical perspective CULT DAO remains absolutely perfect. So, in this video, I will both do technical analysis on […]

Trading View March 28, 2022

Waiting for a false break out to take bitcoin short

Waiting for a false break out to take Bitcoin short Bitcoin / TetherUS BINANCE:BTCUSDT abdulroufahmed Bitcoin trading at important levels, closing below it will confirm the false break out and take us to lower levels

Trading View May 12, 2022

bitcoint short target 18000

bitcoint short target 18000 Bitcoin / TetherUS BINANCE:BTCUSDT iminigham11 Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders […]