Took a short position on Bitcoin

Greetings all.

Straight forward, I have to say that can go higher from here.

At the same time, if this happens, I do not see it breaking above $46400.

For my game plan, this means the following:

Step 1: I already open short at $44816

Step 2: In case we move higher, I will add more in my short in two specific levels.
$45350
$46400

The reason I am shorting

  1. 1,2,3,4,5 WAVES done.
  2. The reason to go higher is the diagonal extension that can have wave 5.
  3. Bearish divergence on 1-hour time frame.


Leave your comments down below!

Are appreciated

Have a nice day

Chart PatternsTrend AnalysisWave Analysis

Also on:

Disclaimer