EOSBTC - The easiest short of the year?

EOS - BTC Short

Potentially the easiest short of the year on Bitmex...

In my opinion we could see 0.00148 / 0.00126 / 0.00095 if this gets shorted like I think its going to.
Yes there will be corrections, distribution & what not on the way down but there is truly serious downside potential here.

Why?

Huge run since April on [realistically] no spectacular news
Blow off top 100%
Wyckoff Cycle fit perfectly
EOS futures have just listed on Bitmex.. At their ATH.. What happened to BTC when futures were released...
Volume declining at significant pace
Volume profile.. Wow, not a lot of support on the way down..If we break below 0.00163 this could get REALLY exciting
RSI looking sexy for decline
Fibonacci working well thus far for simple pullback phase before another leg down [ABC]
EMA 20 / 50 / 100 all quite a stretch below current price

Targets
Entry: 0.0019068
Stop: 0.002 [4.4% risk]
Exit 1 [50% of stake]: 0.00163
Exit 2: Just going to let this baby burn & re-assess...

This is not financial advice. Just my trading plan.

Note

So further to my comments below - On June the 12th where I decided to stay out of EOS in the short term - the price rose back up to the 38.2% fib.. Following charts showed us re-entering a couple of times. Now that we are fighting on the 80% fib I am back in a stay out of EOS mind set.

IF a strong breakdown occurs I will re-enter short. I consider a strong breakdown a new low candle close - roughly 0.001195

UnknownUnicorn3062951

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UnknownUnicorn3062951