Bitcoin
Short
Updated

BTC - still bearish...

236
I am still bearish on BTC, close to flipping long, but this is why it is so dangerous. I am leaning on one last drop to take out the bulls, enviorements is still too bullish. Above 9500 is trend reversal to bull, but right here... short for me
Note
Well we dropped, posted right before it, trade is already in profit

snapshot
Trade active
Closed previous entry early although didnt expect such a moce up. Opened short here at 9100

snapshot
Note
Trandline rejected, full short at 9160

snapshot
Note
snapshot
Note
BitMex funding -0.06... favouring shorts, pull the rug
Note
Stop at break even in case we scam pump again higher
Note
If you are bearish, this could be a great place to add to short or maybe open new, with a close stop

snapshot
Note
Be caareful, we could do one more scam pump to trap longs and rekt bears... bearish under todays swing low. keep this in mind

snapshot
Note
Well I was right about that pump. Opening a new short here, tight stop. Somwehere ower here we must top and retrace this entire move.

tradingview.com/x/dFQGQXEp/https://www.tradingview.com/x/dFQGQXEp/
Note
snapshot
Note
Longs getting euphoric

snapshot
Note
We will have a bull market really soon, but for now this is still a very real scenario

snapshot
Note
More perspective

snapshot
Note
This is going to hurt
snapshot
Note
Now I know how ashdrake felt... we are too high, we should retrace at least to 8k. I am shorting this. We are close to a bull but not jet. BTC ejected a lot of bears. Alts want a rally, BTC wants a rally, people want a rally. Drop and then we can talk.

snapshot
Note
Well target was hit... not happy about this. If you can you buy here this is THE dip, this was capitualtion

snapshot
Note
Indeed this was bearish... took long enough

snapshot
Note
This doesent look like recovery. We could have another drop to LL. Even under 3k to approx 2400. Dow is bearish and could drop to around 14800 which would be very bearish for BTC

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.