BTC 1H - UPDATE: Fake Pump?? [SHORT]
BTC price action pumping over the entire weekend breaking above 34K and now into 38.5K. My past idea was to short around 32.8K, with SL of 33-34K.
Since May 19 we have been waiting for a possible Dead Cat Bounce with BTC and this may be it. Looking at the sharp spike in BTC price this past Sunday indicates it is from whales squeezing most of the short positions in the 37-40K ranges. Presently we have this fake pump to squeeze and liquidate the shorts. Wait until this clears then proceed with orders.
Short Order: 39.5K - 40K
SL: 40.5K - 41K
TP1: 35K, TP2: 33K, TP3:32K.
Not Financial Advice.
Good Luck.
Since May 19 we have been waiting for a possible Dead Cat Bounce with BTC and this may be it. Looking at the sharp spike in BTC price this past Sunday indicates it is from whales squeezing most of the short positions in the 37-40K ranges. Presently we have this fake pump to squeeze and liquidate the shorts. Wait until this clears then proceed with orders.
Short Order: 39.5K - 40K
SL: 40.5K - 41K
TP1: 35K, TP2: 33K, TP3:32K.
Not Financial Advice.
Good Luck.
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