Looks like a textbook dump. As mentioned in my other trade idea currently shorting BTC with short term target of 24700 but potentially lower. What we are seeing now is a sign of trend reversal and it may dive lower than this.
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Works fine
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Another entry at 28020
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7 entries so far
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Daily close soon. Everything is looking good for now. As long as we are below 28900 it's zero risk for me
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Possible that we will see BTC wobble for a bit now just like when we were at 25200 for the first time. Stops slightly above the top. If we breach it and go 30k+ renew till 32k. At the moment still unlikely but strategy for such scenario needs to be in place
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Added more. Still SL above 29200
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twitter.com/WatcherG.../1641823633302515712
Seems like US Gov is going to dump btc
Seems like US Gov is going to dump btc
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Closed half of my position. I bet that we gonna see the second scenario playing out as it takes too long to dump. Still keeping the rest with stop above 29200. Have orders placed all the way to 32k stop at 32500
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Quick update here. Like I said the second scenario plays out but I'm more focused on indicies at the moment. Betting that the top for BTC is somewhere at 31500. Have very small short position to which I may add with stop at 32500. Currently more exposed to US500 short with stop above 4200. Lots of potential triggers this and following week with cpi, fomc and bank earnings. Possibility of major crash in May when I look at s&p monthly chart but we'll see. Markets will turn very volatile soon so managin risk accordingly
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Added to my btc short at 30056