Weekly Time-frame

Filling the previous candle up to $44,206.
We are about to test the demand zone and pump from there. We are still in the bearish market.

1D Time-frame

Bearish engulfing pattern is a super bearish candle. We can expect more to the downside from here. High Volume Node in VPVR is the only thing that prevents the drop at the moment. but it will break soon.
We touch the EMA Ribbon Support Area which bounce us for a while. We will see if we can break this Support Area . AO is still in correction retracement area.

4H Time-frame

We are now below EMA Ribbon and also bellow the Ichimoku Cloud which is Bearish . Awesome Oscillator (AO) just printed a negative volume which is also bearish . Supply Zone is waiting at $45,500 to $45,137 after a retest then goes down again.

1H Time-frame
BTC Short Position

entry within this range $45,722-$45,137
leverage 10x
stop loss 1-5% whole portfolio $48359
use 1% portfolio per trade only risky trade.
TP 1 $44,567
TP 2 $44,190
TP 3 $43,548
TAYOR
DYOR
NFA

We will discuss more on the possibility on our Live. Stay tune and check with us!

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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.