BTC Update + Short opportunities

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BTC Update + Short opportunitiesBitcoinCRYPTO:BTCUSDJoopooranskiπ•„π•’π•£π•œπ•–π•₯ π•Šπ•₯𝕣𝕦𝕔π•₯𝕦𝕣𝕖 𝔹π•ͺ 𝕁𝕠𝕠𝕑 β€”β€”β€”β€”β€” BTC Update + Short opportunities Bear market β†’ break of the wedge to the downside - Still No retest β€’ Unlike the price movement, trading has rules & after a breakout, a Retest is a must (Pic II) β€’ Main direction = downside & any pump = relief rally (until we get a weekly bottom conf) Bearish wedge β†’ II bottoms = where price should give us a retest to open a short: β€’ Bottom I (red) - by chance, 50% of Fib β€’ Bottom II (white) - by chance, Golden pocket Caveat: the more touches & overlap points on a specific level, the stronger that level In our case both bottoms r strong resistances, so we wait for candle confirmation Note: Price is below daily Pivot (Green) which can act as a resistance + a confirmation of the overall trend (if interested I’ll explain Pivots in a diff post) Trading β‰  Gambling If we don’t follow rules & our checklist, we will lose in the long run