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daddycem

BTC/USDT BEARISH CONFIRMATION!

Short
Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
daddycem Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Fundamental Analysis Chart Patterns Trend Analysis BTCUSDT BTCUSDTPERP btcusdtperpetual btcusdtshort btcusdtperpshort btcbearish bearkmarket Bitcoin (Cryptocurrency) bitcoinpriceprediction
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fundamental chartpattern trendanalysis btcusdt btcusdtperp btcusdtperpetual btcusdtshort btcusdtperpshort btcbearish bearkmarket bitcoin bitcoinpriceprediction
The final monthly support trend from all the way back to 2021 is finaly giving up. Btc has been in a short distribution fase of Wykhoff to get all the final liquidity and supply for a move downwards. As we can see from a higher timeframe BTC has broken the marketstructure. On the weekly we can confirm this. A downwards trend is holding the price down.
Important key levels of supply:
26k-28.8k
22.5k-24K
18k-20k
The next upcoming range will be the final range between 26k and the current price. We have to break 26.636 to confirm a market structure break. This will act as a important bias for a move downwards.
Updates will follow soon.
Cem
Trade closed: target reached:
Good trade!
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