Quantum_Immortal

Bitcoin - I expect a correction

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
The sellers are there. Be careful with your longs.
The correction is inevitable.
Targets are valid.
Trade active:
✅First target is done
Trade active:
This whole growth was nothing more than an liquidity grab.
50 EMA needs to hold, otherwise we should see more downside to 44300 (nearest support area) and 43000 (200 EMA zone).
India is about to ban crypto (again) and some other major bad news should hit the fan in the coming days as well.
I'm expecting more downside.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.