Bitcoin
Short

BTCUSD H16: Rising Wedge / 20% correction(UPDATED)

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BTCUSD H16: Rising Wedge / 20% correction(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: BTCUSD 16hour chart review
::: rising wedge in uptrend
::: broke down now more downside
::: booted from 10 000 USD x3 times
::: upside limited short-term
::: Bulls died at 10 000 USD
::: QQQ /US30 maxed out / correction soon
::: BTC shorts too much covering
::: not enough short sellers for PUSH HIGHER
::: 20% correction still valid
::: we proceed to sell off shortly
::: recommended strategy: short RIPS/RALLIES
::: TP bears is 8000/8200 USD
::: what happens later remains to be seen
::: until then just focus on SHORTING IT
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand 7800/8200 USD
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook short-term: BEARISH

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