Hello, Btc recently went back into a well established Range (between Red resistance zone and Green Support Zone) and will soon test the range resistance again. Its a good opportunity to enter a short as i think its highly unlikely we will just like that break out of that range soon (to the upside).
Short Entry: 39600 - 43000
Altho the zone goes up to 43000 i will ladder short mostly at 39600 - 41130 as i dont think we will test upper resistance zone, but possible.
As it is a pretty big range i dont advice using alot of leverage (5x max). If you bet on a 43k test then more leverage would be possible but as i said we may not reach up there.
I dont think 30k support will hold for long anymore as its already tested so much but possible we see one more dead cat bounce at 30k.
Taking profits at 30k and 20k range, will close at 10k altho even sub 10k would be possible.
Im Pretty confident in this setup.
DYOR and please leave a like :)
Short Entry: 39600 - 43000
Altho the zone goes up to 43000 i will ladder short mostly at 39600 - 41130 as i dont think we will test upper resistance zone, but possible.
As it is a pretty big range i dont advice using alot of leverage (5x max). If you bet on a 43k test then more leverage would be possible but as i said we may not reach up there.
I dont think 30k support will hold for long anymore as its already tested so much but possible we see one more dead cat bounce at 30k.
Taking profits at 30k and 20k range, will close at 10k altho even sub 10k would be possible.
Im Pretty confident in this setup.
DYOR and please leave a like :)
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In case some1 wants to short Eth (which should be more profitable then btc) here are my short levels to ladder short.
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reminder: as the short range is so big, dont use alot of leverage. propably 3x max or you will get rekt
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putting 40% of my short at 39600 as i think we may not get further up
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i dont see red curve as confirmed yet, so take that one with a grain of salt
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im starting to doubt that we will see 39600...
Сделка активна:
finaly reached the range resistance
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bulltrap should soon be completed, we could see an insane crash next week
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still bearish, top should happen anytime soon
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i think its possible that inflation is the reason this trap went higher then expected.
On inflation cleaned chart it didnt went over resistance zone yet.
On inflation cleaned chart it didnt went over resistance zone yet.