Short

Short Term BTC Analysis: ABC correction wave, PAMP before DAMP

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I believe this strong bullish divergence will take us to the 42.5-43k region before a final drop to the 36k trend line, flushing out the longs forming.

This would allow us to collect shorts for a real rally to have a chance of forming

Uwaga

So far, so good! Short opened at 42.5k, missed the top sleeping but it was where I marked

Uwaga

Entry: 42.5k
Stop loss: 42.3k

Locking in the profit for now

Uwaga

Trailing S/L to 42k

Uwaga

Bulls are ramping up for a quick liquidation spike, moving S/L to 41200 to capture more profit

Uwaga

Profit remains intact! Bullish divergence is being invalidated with this latest bull trap in the zone of indecision

Uwaga

Flipping short to long at 38300, my last update said 39300 that was a mistake

Uwaga

Watching the chart, I need to see some confirmation before flipping long, but I have closed my short at the bottom of the green arrow trend line

Uwaga

Getting real close to the buy area, I think this little 5m structure will take us to where we want to go. Don't forget to WAIT for confirmation

cryptochatter

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