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Thoughts on $BTC
As already shared trade setup few days ago, BTC has broken down the bullish structure (MSB) on D1 and now targeting previous lows. Further, symmetrical triangle also broken down as shown in the chart!
Expecting choppiness for few weeks due to halving as well!
Be very vigilant in taking short trades as well (be ware about the position size and leverage you use for a particular trade)
LIVECrypto Madness
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Bearish
$BTC Trade Setup
Position: Short
Entry: 66000
Targets: 63500 - 60600 - 56000 - 52000
SL: 67500 R
Reason: Market Structure broke down (MSB) on D1 and W1 grabbing it H4 Bearish OB! Symmetrical Triangle also broken Down
#BTC🔥🔥🔥🔥🔥🔥 #BTCHalvingApril2024 #BTCUSDT. #BTCUSDTUPDATE
Position: Short
Entry: 66000
Targets: 63500 - 60600 - 56000 - 52000
SL: 67500 R
Reason: Market Structure broke down (MSB) on D1 and W1 grabbing it H4 Bearish OB! Symmetrical Triangle also broken Down
#BTC🔥🔥🔥🔥🔥🔥 #BTCHalvingApril2024 #BTCUSDT. #BTCUSDTUPDATE
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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