Bitcoin Shorting Idea

20 มี.ค. 2023

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.

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Best
TraderCH

20 มี.ค. 2023

บันทึก

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.

21 มี.ค. 2023

บันทึก

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

21 มี.ค. 2023

บันทึก

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

21 มี.ค. 2023

บันทึก

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

21 มี.ค. 2023

บันทึก

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

21 มี.ค. 2023

บันทึก

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

22 มี.ค. 2023

บันทึก

BTC in range

22 มี.ค. 2023

บันทึก

Looking to scale in - wrong on idea above 31.5k