BTC Short
Now that it's confirmed that BTC is consolidating in a triangle pattern, I hope you all have made some profit. I predicted the formation of this triangle pattern way earlier.
The CME gap between 62,000 and 64,000 will sooner or later fill.
The target prices for this trade are as follows:
- 69,601
- 69,011
- 68,111
- 66,111
- 65,111
- 64,111
Stop loss (SL) at 71,251.
Currently, it's consolidating in a triangle pattern. I anticipate a significant move on Monday. For today, consider booking profits on the lower trendline and initiating short positions from the upper trendline or resistance levels indicated on the chart at 70,111 and 70,464.
The CME gap between 62,000 and 64,000 will sooner or later fill.
The target prices for this trade are as follows:
- 69,601
- 69,011
- 68,111
- 66,111
- 65,111
- 64,111
Stop loss (SL) at 71,251.
Currently, it's consolidating in a triangle pattern. I anticipate a significant move on Monday. For today, consider booking profits on the lower trendline and initiating short positions from the upper trendline or resistance levels indicated on the chart at 70,111 and 70,464.
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