BTCUSD By ProjectSyndicate – Technische Analysis – 11-02-2022 19:52:41

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BTCUSD H8: 20% retracement $17,500 Best Short Level (SL/TP) (New)
Important note: the installation is speculative. make your own
appropriate dill. Use STOP LOSS. Don’t survive.

🔸 Summary and preparation of potential trade
::: BTCUSD H8 chart review
::: Compression in progress
::: Distribution / Limited Boarding Here
::: short term bounce (weak)
::: But HEAVY S/R at $21,000/$22,000
::: No uptrend in this market/Red November 2022
::: Expect serious damage later this week
::: Poor bounce is going on now
::: The collapse is expected in November 2022
::: No Top Direction / No Valid Settings for BULLS
::: Also Stocks / Nasdaq – Weak Charts
::: Getting ready for a new wave of sales
::: TP BEARS based on measured movement $17,500
::: There is no valid strategy for bulls in November
::: Limited upside after today’s FOMC meeting
::: Extremely No x 4 Overhead
::: The sequence of the lower peaks as well
::: So expect to sell RIPS / RALLIES
::: to complete the sequence
::: Approximately $17,500
::: Recommended Strategy: SHORT SELL 21 / 22000USD
::: BEARS TP1 18500 TP2 17500 USD
::: short fingers / wind resistant
::: Expect a new dump
::: Traders Good luck!
::: CARD/HOLD AND GET PAID. a period.
🔸 Supply / Demand Zones
::: do not apply
::: do not apply
Other Notable Techniques/Considerations
::: TD9 / Update Combo: N / A
::: Medium-term sentiment: BEARS / DUMP / $17,500
::: Near-Term Sentiment: BEARS / DUMP / $17,500

Risk Disclaimer:
cryptocurrency trading, Futures Forex, CFDs and stocks involve risk of loss.
Please consider carefully whether this trade is right for you.
Past results are not indicative of future results.
Always limit your leverage and use a tight stop loss.

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