am opening a short position hear at 110000$ and close it at 100000$ for this month unless my plan states otherwise
SWINGTRADER254
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Bearish
🚨🚨 #BTC WEEKLY AND MONTHLY UPDATE $BTC #writetoearn
Is BITCOIN #BTC preparing for 100,000$...???????
It is just 7 days since the month opened and bitcoin has been facing high pressure from the bears , last month bitcoin gave us a bearish MSS in our 1D timeframe after a strong manipulation and liquidity grab at 124000 highs ,,,,
question ....????
... could this be the start of a short term bearish move before the Powell interest rate news on 17 , so that institutions can but the dip at 100000$ ??????
#BTC has already printed a bearish structure (1D) Which is a good signal for a more bearish outlook & also an opportunity to buy more in the upcoming dip..
IF 107000$ doesn't hold then 100000$ has high probability... if 107000$ holds ,125000$ has higher probability for the next few weeks
LETS map this out.......???
.... follow for more updates
WhatsApp +254793620384 for market analysis discussions and also easily access my free updates channels
It is just 7 days since the month opened and bitcoin has been facing high pressure from the bears , last month bitcoin gave us a bearish MSS in our 1D timeframe after a strong manipulation and liquidity grab at 124000 highs ,,,,
question ....????
... could this be the start of a short term bearish move before the Powell interest rate news on 17 , so that institutions can but the dip at 100000$ ??????
#BTC has already printed a bearish structure (1D) Which is a good signal for a more bearish outlook & also an opportunity to buy more in the upcoming dip..
IF 107000$ doesn't hold then 100000$ has high probability... if 107000$ holds ,125000$ has higher probability for the next few weeks
LETS map this out.......???
.... follow for more updates
WhatsApp +254793620384 for market analysis discussions and also easily access my free updates channels
If today's candle closes below 59000 zone the bears will find a good reason to short the market ,.. Today is the first day of the month and 1D , 1W &1M candles shows some indecision and this might give us a trend continuation to the down side if today's candle closes below 59000 , 1w&1M candles shows us a bias to the down side because 1M has given us an engulfing pattern which might be followed by a "+1" red candle to confirm a down trend for the next few months .
Again if the market closes above 59000 this will give the bulls some hope because we might enter into a consolidation in our 4H chart which might be our last accumulation zone before the market move's up to a new all time high during the coming months..
For day traders 59000 & 60000 zone might be a strong zone to hold a consolidation before we experience a liquidity swap from one of the sides
#stayalert because at this point blowing your account is easy..