Potential Short on BTCUSD

Dec 23, 2021

The idea for a short on BTCUSD stems from a technical analysis on the BTCUSD Futures chart for the December 21' contract. It seems as if price wants to continue breaking down. There is currently no motive (at least from my perspective) for price to continue long. on December 12th, buy-side liquidity was taken and sold to the lowest of extremities. THat swing low created a range and price had been in discount ever since. I look at this repricing upward as a good offer to sellers to encourage going short. If US10Y and US20Y signal otherwise, this trade will be collapsed.

Dec 26, 2021

Trade closed: stop reached

Apologies for the late update. Christmas business had me caught up. Apparently, my stop was hit. Believe it or not, I'd reversed my sell to a buy order. T-Bonds and T-Notes began dropping like rocks out of the sky. Conversely, interest rates began soaring. The US indices followed suit and began rising also. Even the DJI and S&P rose +0.70% each. Once I saw the bullishness from NYSE open, I collapsed my trade for a -1% loss.