BITCOIN - Watch Top For MAJOR Shorts! BIG Risk:Reward Setup!
Following on from our last analysis where we identified that Bitcoin was in a 335 flat correction, we finally have the top in place.
We are now expecting 5 waves down to complete wave C of the major flat correction.
We've already completed wave 1 and now in wave 2. We're expecting price to move back up near the highs where we'll be looking for price to stay below ATH and make a major move down.
The risk to reward of this trade is unparalleled and an entry at the top will allow us to hold with very little drawdown, if any.
Trade Idea:
- Watch for price to move back towards the highs
- Expecting price to stay below ATH = stops above ATH
- Enter shorts when we see reversal signs such as trendline breaks, BOS etc
- Targets: 40k, 30k, 20k, 15kk
Goodluck and as always, trade safe!
We are now expecting 5 waves down to complete wave C of the major flat correction.
We've already completed wave 1 and now in wave 2. We're expecting price to move back up near the highs where we'll be looking for price to stay below ATH and make a major move down.
The risk to reward of this trade is unparalleled and an entry at the top will allow us to hold with very little drawdown, if any.
Trade Idea:
- Watch for price to move back towards the highs
- Expecting price to stay below ATH = stops above ATH
- Enter shorts when we see reversal signs such as trendline breaks, BOS etc
- Targets: 40k, 30k, 20k, 15kk
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
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Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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