Short BTC vs USD
Updated
There is no doubt here, BTCUSDT had a great run from the begining of the year but the indicator are showing the end of this Bear Market Rally is near.
Been posting short setups beacause I believe this is the end of the Bear Market Rally and not the start of the new Bull Market as many infulencers are saying.
If we get a squeeze to $25300 or above with a SFP, that will be my trigger to short all crypto markets not just the ones that I posted.
3D chart is showing a clear bearish divergence with overboughtRSI and the Stoch RSI is breaking down from overbought.
Many are blinded with gains after their drowdown from the 2022 and won't take profits here. Just the opposite, many think the bottom is in and they are leveraging in big time.
As usual, most will feel the pain of this Bear Market, again, as they buy the dip to the new lows.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
Godspeed.
Been posting short setups beacause I believe this is the end of the Bear Market Rally and not the start of the new Bull Market as many infulencers are saying.
If we get a squeeze to $25300 or above with a SFP, that will be my trigger to short all crypto markets not just the ones that I posted.
3D chart is showing a clear bearish divergence with overboughtRSI and the Stoch RSI is breaking down from overbought.
Many are blinded with gains after their drowdown from the 2022 and won't take profits here. Just the opposite, many think the bottom is in and they are leveraging in big time.
As usual, most will feel the pain of this Bear Market, again, as they buy the dip to the new lows.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
Godspeed.
Note
Pulled the trigger manually since it didn't SFP above the last high.Note
Filled the rest today. BTC and the rest of the markets looking heavy so any bounces from here are for shorting imo. I think the markets are turning and we will se much blood in next few weeks.
The next big level for BTC is the monthly open at $23126, if we start to trade below it, BTC is cooked.
Moving SL to break-even on this trades as well.
Note
We have a confirmed bearish div on the 3D.Note
BTC flerting with MO at $23126. Monthly close below MO is very bearish. The Monthly close is on Tuesday...Note
Monthly close was just above the MO, but now it's trading below March open and February Open. If MO isn't reclaimed soon everything will nuke.P.S.Stops in profit.
Trade closed manually
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