I can see some hype going on shorting bitcoin while the same traders a few days back were aiming for 6k targets lol. Wait for the perfect price action to happen & then Long/Short. It's currently trapped in a triangle where the resistance has been tested 2 times & the support almost 3 times which indicates that the support may not hold next time if it touches it (the blue lines) . If the candle closes below the triangle the Pink lines will be the first two targets & the green box will be the final target & vice versa if it breaks the triangle in the upward direction.
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How did I obtain targets? 1. Take Fib tool & draw it downwards the point A to Point B -- >>>
2. Once more take the Fib tool & draw from point B to Point C -- >>>
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After drawing both the fib tools notice the gap between -0.236 & 0.382 thats our target!
Thanks for your work and constant updates. I've closed all my trade positions and my reasoning and explanation is explained from a short-term perspective. Will re-enter when I see the signs stated in my videos. I've put my trade p&l in my analysis:
Salmin
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what??
Horus83
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Hi! Check the next hours if we are in short-term :) But right now it's only for 1H...