šāāļøšāāļøššš®Hello all šāāļøšāāļøššš®
I would like to say I am overall still bearish š»š»āāļøšØš¼ on the market for now as bitcoin fell below a key price of 77k and has continued to fall, I have had my eyes set on 59k BTC price for a couple of months now to finish out the perfect bear market (see previous ideas for more information)
HYPE reached a new ATH of 67 dollars during the crashing market today which is impressive and perpetual futures trades have seen billions of dollars worth of volume. That being said, I believe it is extremely overpriced in a bearish market and is due for a correction.
My target is on .618 fib retracement of its most recent bullish impulse (around 49 dollars as a target) this also market the spot of a longstanding trendline support.
On the 4 hour chart the price has created a broadening ascending wedge, with large wicks near the top of the structure,
Lets see ā°š¤øāāļøš³ this has potential to be a nice short but remember
ššššš
Always have a stop loss āšš² setš
This is not financial advice
Any thoughts šš”, questions šāāļøšāāļøā, good š, badš, happy š or sad š„, in the comments always welcome.š
Thank you so much ā
Jazerbay āÆļø