BTCUSD H8: Bitcoin is DEAD until the FED in September(NEW)
Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don’t overleverage.
🔸 Summary and potential trade setup
::: 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
::: 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
🔸 Other noteworthy technicals/fundies
::: Sentiment mid-term: BEARS/DUMP/12 000 USD
::: Sentiment short-term: RANGE LOCKED
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.