Major short opportunity

Dec 3, 2023

Massive rally may be due for correction or even trend reversal based on how the stock market reacts to hitting new all time highs. In general the direction is up with interest rate cuts on the way (next year), presidential election, fed buying up debt and weakening dollar. Dow ath pending, nasdaq still some time before ath. Just dow hitting ath may cause some big moves in crypto. Like a spike above 40k and then dump. No idea if fed is going to keep the market mooning next year. Still many red flags in the market. Liquidity being the most important one.

Idea here would be a high probability setup. After everyone betting short recently and market crushing them all, first major dump may be on the way. May turn in to a big buy the dip opportunity but that's still to be decided mostly by Powell and his minions. Good luck

Dec 4, 2023

Note

Position filled

Dec 6, 2023

Note

stopped me out, gave it another try with stop just above the high. Bitcoin has been highly influenced by the stock market during the last session. If they can keep going up on NASDAQ it's likely that it's not over