Bitcoin Shorting Idea
Aggiornato
Good evening Traders,
We had a wild week in legacy markets but also in crypto. With Bitcoin setting new highs, Gold above 2000 USD/oz, we seem to have a steep bullish sentiment of "store of value" assets. This move on both assets is an opportunity, what you need is a plan, a plan that helps you profit.
Here is my Game Plan:
- Bitcoin needs to push into box between 28500 and 29500
- We need to see some price consolidation
- No big spikes above 30k (otherwise idea is rejected)
- Drop right onto 28500
- Further consolidation needed
- Once we break below 28500, trade is activated and I will be looking to short
- Short when Bitcoin breaks 28300 clearly
Hope this helps, but make sure to watch the video to understand the idea.
Leave me a follow if you enjoy my content!
Best
TraderCH
We had a wild week in legacy markets but also in crypto. With Bitcoin setting new highs, Gold above 2000 USD/oz, we seem to have a steep bullish sentiment of "store of value" assets. This move on both assets is an opportunity, what you need is a plan, a plan that helps you profit.
Here is my Game Plan:
- Bitcoin needs to push into box between 28500 and 29500
- We need to see some price consolidation
- No big spikes above 30k (otherwise idea is rejected)
- Drop right onto 28500
- Further consolidation needed
- Once we break below 28500, trade is activated and I will be looking to short
- Short when Bitcoin breaks 28300 clearly
Hope this helps, but make sure to watch the video to understand the idea.
Leave me a follow if you enjoy my content!
Best
TraderCH
Nota
Looks like BTC is moving higher, if you long, make sure to have an eye on your position. Stops mean nothing in volatile moves, stay safe.Nota
Idea still valid, might be adding an additional short scenario tonight.Nota
We are moving, lets see if we get that break of the box.Nota
Trade idea activated as soon as we get a touch of my boxNota
Bitcoin goes higher, we are getting close, let see how the market reactsNota
Open of US markets could bring some volatility, might see some momentum coming in the marketsNota
BTC in rangeNota
Looking to scale in - wrong on idea above 31.5k
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