Bitcoin Update - Short positionBitcoinCRYPTO:BTCUSDJoopooranskiπππ£πππ₯ ππ₯π£π¦ππ₯π¦π£π πΉπͺ ππ π π‘ βββββ Bitcoin Update - Short position BTC has started its downtrend but we havenβt missed the move (orange) β Inner move Rule: either draw lines according to shadows, or the bodies (closed), I choose closed (white line) β’ Red line: psychological resistance which didnβt work - wedge 1: acted as resistance which led to a double top + collapse (green) - wedge 2: short term resistance + collapse β if price pumps from here, it can act as a resistance area to create a double top + collapse β’ Red arrows: - wedge 1: three touches + retest & collapse - wedge 2: third touch + No retest yet Caveat: marked in (yellow) we had 4 moves in the wedge 1 β’ top + double top + rest + collapse The whole move got repeated in the wedge 2 but all in the inner move My Plan β Shorting but when: 1. If price drops from here, I still wait for a double top (I donβt trade breakouts) 2. If price starts pumping, Iβll check the two areas marked in green to get a candle confirmation on 4hrs & daily, then enter a trade