Hi Traders. I've been calling some short opportunities on BTC from 40k, 31k, 28k, etc...
Most of you might be wondering, "where is bottom?"
As a Price Action trader, we don't take action until we see a shift in momentum and price.
For now, BTC still looks like its in a healthy downtrend, every wave up follows with a healthy Bearish Impulse.
Some different scenarios here:
1. If price finds lots of Bullish momentum, a break & hold above 21,600 could indicate some short-term strength
2. If price keeps failing to make it back to 22,000, that's a big sign of a further drop in price
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Most of you might be wondering, "where is bottom?"
As a Price Action trader, we don't take action until we see a shift in momentum and price.
For now, BTC still looks like its in a healthy downtrend, every wave up follows with a healthy Bearish Impulse.
Some different scenarios here:
1. If price finds lots of Bullish momentum, a break & hold above 21,600 could indicate some short-term strength
2. If price keeps failing to make it back to 22,000, that's a big sign of a further drop in price
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
