The market moves within cycles and within this cycles we have waves.
We have up-waves and down-waves.
â Bearish and bullish impulses.
â Bullish and bearish corrections.
Bitcoin hit a multi-year low November 2022.
This low is followed by a bullish cycle.
This cycle contains both bullish and bearish waves.
ð Total growth from the November 2022 low amounts to 145%.
After a bullish wave, we get a bearish wave.
After a bearish wave, we get a bullish wave... And this repeats over and over.
Below are the numbers... Make sure to read the disclaimer at the bottom.
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SHORT BTCUSDT
Leverage: 6X
Buy-in: $38,500 - $37,000
Targets:
1) $34,750
2) $32,950
3) $30,900
4) $26,700
5) $24,000
Stop-loss: Close weekly above $39,000
Potential profits: 213%
Capital allocation: 2%
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Leveraged trading is ultra-high risk and can result in all money lost (liquidation).
Leveraged trading is for experts only and should not be done by beginners.
Doing shorts is even harder than going long.
If you can't take a loss, you cannot trade.
Anyway, this is not financial advice. All the information is shared for educational purposes only.
These numbers are shared here for reference only.
This is not mean that Bitcoin is either going up or down, the market decides the next move.
What you do is up to you and your own decision, you bear the risk of that decision.
Bitcoin can definitely go higher... But it can also drop.
It is normal to see a correction after massive gains.
Remember to do your own research.
This is not a "high probability setup", this is different.
Thank you for reading.
And remember to follow if you enjoy the content.
Namaste.