BITCOIN (BTCUSD) ANALYSIS

 Good morning traders I hope you're doing well and keeping warm in this chilly weather. However in the crypto markets there has been no chills as prices had been on a significant drop since the start of this year from their all time highs during close of last year. I haven't taken any trades on crypto for a while but here's a BTC setup I've taken where price dropped from 24600.00 and breaking the low at 23565.78 on H1 and showing more bearish potential. Took my 1st sell entries on 31st July at 23732.24 with SL at 24200.00. Setup taken was a drop base drop a continuation setup.
Price faked out a buy, then dropped leaving a long wick on H1 & H4, taking out my entries and hitting SL. Price then dropped as I expected. Took sell re-entries during NYSE at 23257.95 with SL at 23807.21. Setup taken is a drop base drop, a continuation setup and my target is at 21759.22, the next demand level on H1 & H4 at 21759.22 & 21123.66.

Price dropped to 22886.24, forming a lower low on H1 & H4 and still showing more bearish potential.