BTC SHORT POSITION ! New Update !

8 Apr 2022BTCUSD

Bitcoin chart setup.
You can use the chart setup set in the Share menu on the analysis screen.


Bitcoin 4-hour chart.
After breaking through the top of the box, I came back into the box in a double-height above the top of the broken box.
Alt, which entered private trading in mid-March, is when Bitcoin has a further decline.
We plan to realize the rest of the volume in profit.


To get to 53k in the first place, the tweak should have been done last week, but getting down to 43k doesn't look very good.


Based on today's low of 42734, you can see whether the initial uptrend is valid.

(First Bitcoin Perspective)


Rebuy is when a wave is drawn toward the low price by hitting the upper selling price again.

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The Fibonacci of the image are the major Fibonacci measures of the harmonic pattern that have been excluded from the plot for visibility.


The retracement target by the first Gartely pattern


Alternative Bat pattern inversion section

Simply put, the idea is that the next trend will be determined within a week.
As the upper and lower sections are open, I want to check the price response over a period of time.
If the review price is good, try holding the holding alt, and let's watch the structure of new entrants a little more.