BTCUSD H8: Bitcoin is DEAD until the FED in September(NEW)

BTCUSD H8: Bitcoin is DEAD until the FED in September(NEW)

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

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BTCUSD H8: Bitcoin is DEAD until the FED in September (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don’t overleverage.

🔸 Summary and potential trade setup
::: BTCUSD H8 chart review
::: compression in progress
::: limited upside going forward
::: same pattern in progress now
::: DISTRIBUTION before new DUMP
::: same setup in Q1 2022 Jan/Feb
::: Also STOCKS/NASDAQ – weak charts
::: BEARISH CHART limited upside
::: BEARS should focus on SHORTING RIPS / 25 000 USD
::: TP BEARS based on measured move 12 000 USD
::: range highs defined by 25 000 USD
::: range lows defined by 17 000 USD
::: heavy x3 rejection from overhead
::: weak structure / BEARS taking over
::: STRONG PRIOR downtrend – limited upside
::: so expect RIPS/RALLIES to get sold
::: to complete the sequence
::: near 25 000 USD
::: VERY SLOW market until SEPTEMBER
::: then expect new dump
::: recommended strategy: SHORT RIPS/RALLIES
::: BEARS TP1 14 000 USD TP2 12 000 USD
::: BEARS SHORT/HOLD at market
::: expecting short-term DUMP
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP/12 000 USD
::: Sentiment short-term: RANGE LOCKED

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.

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