Short

Bitcoin Shorting Idea

Updated

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

Note

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.

Note

Idea still valid, might be adding an additional short scenario tonight.

Note

We are moving, lets see if we get that break of the box.

Note

Trade idea activated as soon as we get a touch of my box

Note

Bitcoin goes higher, we are getting close, let see how the market reacts

Note

Open of US markets could bring some volatility, might see some momentum coming in the markets

Note

BTC in range

Note

Looking to scale in - wrong on idea above 31.5k

TraderCHgold

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