If BTC breaks down, which I think it will, this would be the scenario I would prefer. If it breaks and closes above $9600 the plan is negated. Either way short the breakdown and long the dip. Stay safe. This could be THE low to long and last time under 9k
#bitcoin
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This is what you want in the short term, this would propose that move is agressive. Stop is above trendline so in profit for those that were agressive. Otherwise at the break of the bottom line.
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Opened under the trendline. Careful now
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Put BTC stop in profit, buy the dip as you please, we fly in the next rally.
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And here is the 4h view
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Started to hedge and took some profit
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Closed short, great trade, will go long along the way
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Bought spot in the first green zone.
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Short term short, intended to fill longs, then we see where we are at...
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Update. Keep in mind that if we are bullish, we could just wick down to trap shorts and eject bulls then reverse as per original chart.
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Targets reached, not as clean as I hoped but it never is... Here is what I am looking at, thinking this was the bottom, if not 8018 is the bottom but idk too many people counting on 8k and sub 8k so I think we leave them behind
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