BTC - Crash Path Possibilities

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I expect Bitcoin to crash hard today, and here is a zoomed in look at my potential pathways.

NOTE - See linked related idea on DXY to make sense of this more

Beginning with most likely in my own opinion, to least likely:

Option 1:

114,200 to 35,000 - Short
35,000 to 85,000-86,000 - Long
85,000 to 8,000 - Short
8,000 - Long Entry

Option 2:

114,000-115,000 to 18,000-19,500 - Short
20,000 - Long Entry

Option 3:

114,200 to 43,000 - Short
43,000 to 77,000 - Long
77,000 to 8,000 - Short
8,000 - Long Entry

Strategy:

- Regardless of option I am short Bitcoin
- I will watch for a sudden crash initiate today
- I will first watch for a hold and bounce at 35,000 - closing 75% of my short at 45,000 (I expect wick to be very fast and hard to trade exact numbers)
- If we see a bounce at 35,000 - I will open a hedge long at that level
- Repeat first four steps if we drop below 30,000, looking for the correct bottom and closing short accordingly
- Safest option is low leverage short and spot buys at the bottom levels

Thanks to those who have been following me and supporting my ideas. I know I’m the only one speaking about this.

Happy trading.


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