Bitcoin continued short

May 8, 2023

In the last idea we talked about the possibility that the price will be sold up to the area of 29000-29600, and after the publication of the rate data I expect a sell-off. The scenario is fully worked out and the price went down as we expected. My position sold at 28500 is already in profit, about 2%, and I believe that the scenario with further decline to the area of 27-26 thousand and even lower to the area of 25 thousand, remains in force. Technically we had a formed triangle, which was broken down, at the moment I expect a slight correction upwards and continuation of the decline, and if we break 27k the movement will accelerate.

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Good luck and profit to all.

May 12, 2023

Trade active

#BTC From this area may give a local correction upwards, but overall decline is likely to continue. I will make an update on Monday

May 15, 2023

Trade closed: target reached

#BTC closed all, about 9% from the entry point.