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BTCUSD H2: DISTRIBUTION / BEARS WILL TARGET 30 000 USD(SHORT-TERM)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
🔸 Summary and potential trade setup
::: BTCUSD H2 chart review
::: locked inside trading range
::: expect range 1-2 weeks / trade range
::: defined by 32 000 - 39 000 USD
::: Distribution in progress / BEARS
::: expecting limited upside short-term
::: BEARS focus on SHORTING high from
::: range highs near 39 000 USD / 40 500 caps
::: 15%/20% gains on SELL SIDE
::: final TP BEARS is 30 000 USD
::: BULL focus on buying low later
::: short-term BOUNCE possible from 30000 USD
::: BUY/HOLD setup TP +10%/+15%
::: nice setup for short-term traders
::: up to 20% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +20% gains
::: details: see chart
::: FINAL TP is 40000 USD BULLS
::: TP BULLS +20% gains
::: BEARS get ready to RESHORT from overhead
::: short-term play / BOUNCE
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: RANGE/MIXED/BEARS/30 000 USD
::: Sentiment short-term: : RANGE/MIXED/40 000 USD LIMITED
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.