Bitcoin (BTC) Short the rally, good scalp
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Bitcoin has had a pump to 6600 as a result of a 300+ BTC buy from a whale. Now we may short this with a target at 6400. Most of these pumps have had a 100% correction.
I am short from 6600 and have over 80% of my capital available to add to my short if we blow past 6600. Looking at this accumulation zone we can see each time we hit 6600 we can expect a drop below 6400. This is just playing on the observation and this price is not a bad spot for a short scalp.
Therefore we can have good confidence shorting here.
Entry:
6600 USD
Take profit:
6400 USD
6200 USD
Thanks for viewing! I have been mostly correct in calling the shorts for Bitcoin. I believe shorting is safer in bear trend. Even if we rally to 7.7k we are still in a bear trend. The short squeeze rumours are dangerous, as many shorts were done in large chunks (whale) and there is a possibility we get another 30% increase in shorts.
On the bullish side, there has been strong buying on Bitfinex.
I am short from 6600 and have over 80% of my capital available to add to my short if we blow past 6600. Looking at this accumulation zone we can see each time we hit 6600 we can expect a drop below 6400. This is just playing on the observation and this price is not a bad spot for a short scalp.
Therefore we can have good confidence shorting here.
Entry:
6600 USD
Take profit:
6400 USD
6200 USD
Thanks for viewing! I have been mostly correct in calling the shorts for Bitcoin. I believe shorting is safer in bear trend. Even if we rally to 7.7k we are still in a bear trend. The short squeeze rumours are dangerous, as many shorts were done in large chunks (whale) and there is a possibility we get another 30% increase in shorts.
On the bullish side, there has been strong buying on Bitfinex.
Uwaga
Hold off for now. We might get to 6650
Uwaga
We got to 6650. Added to shorts.Uwaga
Use small amounts so we can short this to 7k+.Uwaga
Make sure you have enough money so your liquidation price is above 8k.I have enough capital to short this all the way to 7.4k comfortably. Added shorts 6700. I expect a 6800+ BTC.
Uwaga
I expect a breach of 7.1k to 7.4k. This is why we save our capital for the big orders.Uwaga
Keep in mind we will almost certainly get a higher high above 6.8k. When that happens and retail buys the whales can fill their shorts. If you are short from 6.8k, do not have a stop loss near the expected place above the higher high.
Uwaga
Uwaga
A big buy order has been moved to 6600. Expect a bounce there or for that to become support.
Uwaga
Exactly as I predicted. I should get an award for this or something,
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