BTC Simple Short Setup UPDATE

Mar 24, 2023

After a series of small time frame successes short, we are now at a key area for a much bigger move lower.
In a previous post, I wrote "bulls don't want to see this fail". Bitcoin (BTC) did fail and has now produced a
large bearish flag.

Forming this larger bear flag pattern may not only test its previous lows but also potentially result in
a further significant drop worth thousands of dollars. Unlike previous small time frame posts, this could take
time to play out.

It is better to be out of a trade wishing you were in rather than in a trade wishing you were out.

Caution is in order!

Mar 27, 2023

Note

Weakening

Mar 30, 2023

Note

A lot of people were psyched out on the recent spike but Nothing has changed.

Apr 24, 2023

Note

As expected nothing has changed. In fact, BTC is now more bearish looking.