BTCUSDT - A wick above the previous high a MUST

16 בינו׳ 2023

I believe Market Maker is getting ready to bamboozle retail traders once again. All the "good guys" (retail traders like me) are still holding shorts beliving BTC won't cost anything in 3 months or at least they wait for another Sign Of Weakness and a leg down. But the reality is that BTC is bullish right now. In my opinion the "bad guys" (those who are in power to move the market) want to liquidate short positions , take the money from the "good guys" and then drop BTC down once again leaving "good guys" in blood and pain once again. I am clearly going with the market represented by the big boys aka "bad guys", so i will make money on that move.

Here is the trade:


TICKER: BTC
TRADE: 12BTC_LONG
SL: 17785 10,71 %

Entry1: 19919,000
Entry2: 19736,000
Entry3: 18699,000
Entry4: 18468,000

Take Profit 1: 21700 -9,44 %
Take Profit 2: 21700 -9,44 %

RR 1,66


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Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
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Chart Code:

Red Dashed Lines - Downward Reversal Momentum
Green Dashed Lines - Upward Reversal Momentum

Green Rectangle - Buying Area
Red Rectangle - Selling Area

Red Line - Stop Loss
Green Line - Take Profit
Golden Line - Entry point

Bold Aqua Curved Line - Estimate Price Direction

Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
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Good Luck, Bye-bye!
And remember this market doesn't respect doubters!