🅱️ 5X Lev Bitcoin SHORT (194% Potential | Adults Only)
Updated
It seems the stage is set for a drop on Monday or next week as it doesn't need to happen necessarily on the first day of the week.
Here we are looking at BTCUSDT on the Daily TF.
Notice that the price is trading below EMA10.
11-Dec a drop pushed prices below this level and a recovery quickly followed the next three days. This mini-recovery ended as a lower high compared to 8-Dec which means that the bulls lack strength. Since BTCUSDT is now back below EMA10, the bearish potential is confirmed and a lower low compared to 11-Dec can be expected, in search for the next price level that can offer support.
My calculations are telling me that the most relevant price range for the upcoming drop is 37,000-39,000 on a wick with a bounce to around ~40K followed by lower quickly.
Notice how the trading volume continues to decrease.
Notice the RSI how it is moving lower.
Now, market conditions can always change so make sure to do your own planning and allow for the unexpected to take place.
This is not financial advice. Trading leverage is high risk and recommended for experts only. Beginners should consider spot trading for 2-3 years successfully before trying leverage/margin.
Here are the trade-numbers.
_____
Leverage: 5X
Buy-in: $41,000 - $44,000 | Cp: $41,750
Targets:
1) $40,000
2) $37,500
3) $35,000
4) $32,600
5) $30,000
6) $27,000
7) $25,500
Stop-loss: Close daily above $46,000
Potential profits: 194%
Capital allocation: 5%
____
You can set your own risk, you can adapt the numbers, etc. to suit your own liking and trading style.
I only spot the chart setup, the reader takes care of the rest.
Adapting to changes in market conditions is your responsibility, as well as any wins or any losses along the way.
I am wishing you tons of profits and massive success.
Namaste.
Here we are looking at BTCUSDT on the Daily TF.
Notice that the price is trading below EMA10.
11-Dec a drop pushed prices below this level and a recovery quickly followed the next three days. This mini-recovery ended as a lower high compared to 8-Dec which means that the bulls lack strength. Since BTCUSDT is now back below EMA10, the bearish potential is confirmed and a lower low compared to 11-Dec can be expected, in search for the next price level that can offer support.
My calculations are telling me that the most relevant price range for the upcoming drop is 37,000-39,000 on a wick with a bounce to around ~40K followed by lower quickly.
Notice how the trading volume continues to decrease.
Notice the RSI how it is moving lower.
Now, market conditions can always change so make sure to do your own planning and allow for the unexpected to take place.
This is not financial advice. Trading leverage is high risk and recommended for experts only. Beginners should consider spot trading for 2-3 years successfully before trying leverage/margin.
Here are the trade-numbers.
_____
Leverage: 5X
Buy-in: $41,000 - $44,000 | Cp: $41,750
Targets:
1) $40,000
2) $37,500
3) $35,000
4) $32,600
5) $30,000
6) $27,000
7) $25,500
Stop-loss: Close daily above $46,000
Potential profits: 194%
Capital allocation: 5%
____
You can set your own risk, you can adapt the numbers, etc. to suit your own liking and trading style.
I only spot the chart setup, the reader takes care of the rest.
Adapting to changes in market conditions is your responsibility, as well as any wins or any losses along the way.
I am wishing you tons of profits and massive success.
Namaste.
Trade active
Trade active
As usual, the market gives plenty of time for us to make our decision, plan, adjust, adapt and take action.Avg. entry $43,000.
Only a few days left.
We will hit all of our targets... Just watch.
Trade active
Trade closed: stop reached
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
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