Short

Call me crazy, but Dump incoming..

Updated

Over 10k BTC shorts have been opened in the past 2hrs by a whale on Bitfinex. Most of Crypto Twitter super bullish.

I'm calling for a dump.

Not financial advice at all, simply a scenario.

Note

If we break out of this rising wedge, my TPs will be at $6800 and $6600.

I also have a scenario B which would take us to $7470 for a wave 5.

Note

Possible Parabolic curve in play as well

Note

First drop to 7100, opened a long scalp at 7114 on wedge and cloud support. Expecting wedge to be broken in the next day or two.

Note

Trade closed: target reached

This has truly been a magnificent trade to be a part of with a drop of over 13% in the past 4 days since posting this idea. I have now closed all of my shorts and opened a small long scalp off of the cloud support at $6380 on Bitfinex, but I will also be closing that position soon as well.

I am very happy that I decided to not listen to the many who called me crazy and to the certain someone who called us "Low IQ" for thinking it would drop. lol

Hope to find you all in my next update!

TheCryptoRuler

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