BITCOIN Short Opportunity
Updated
Reference to the Chart mark up...
Bitcoin seem to have gassed itself out a bit, however, crypto is still a bit tricky but with what I can determine is this...
Bitcoin may begin to crash down and halt for a sec. The way price is shooting down on the swing lows and had already made a ATH can continue lower. I do see an opportunity to go short tho it is risky. I believe we have a market shift, BITCOIN being bearish, we have a gap in the higher timeframe that i had already traded off. Looking for bitcoin to trade back up to price mentioned. If price wants to continue lower, I want price to just poke its head into the gap, take the buyers money, and run away with it.
Yup, I want BITCOIN to steal the retailers money, causing them to think that, it may continue higher(again, crypto is tricky, so it can do that), If it does so, im looking for the area @ point of interest.
Chances that Bitcoin continues higher:
If BITCOIN does go higher, I dont think it will reach 100k right away but tease the idea that it is near 100k. Why do I think this? Bitcoins previous ATH was 69k, 69 being a meme. So, with just this little info, I think it will tease people to think it will for sure reach 100k. Either way, it is best to get out a bit early than the exact target.
Bitcoin seem to have gassed itself out a bit, however, crypto is still a bit tricky but with what I can determine is this...
Bitcoin may begin to crash down and halt for a sec. The way price is shooting down on the swing lows and had already made a ATH can continue lower. I do see an opportunity to go short tho it is risky. I believe we have a market shift, BITCOIN being bearish, we have a gap in the higher timeframe that i had already traded off. Looking for bitcoin to trade back up to price mentioned. If price wants to continue lower, I want price to just poke its head into the gap, take the buyers money, and run away with it.
Yup, I want BITCOIN to steal the retailers money, causing them to think that, it may continue higher(again, crypto is tricky, so it can do that), If it does so, im looking for the area @ point of interest.
Chances that Bitcoin continues higher:
If BITCOIN does go higher, I dont think it will reach 100k right away but tease the idea that it is near 100k. Why do I think this? Bitcoins previous ATH was 69k, 69 being a meme. So, with just this little info, I think it will tease people to think it will for sure reach 100k. Either way, it is best to get out a bit early than the exact target.
Trade closed: target reached
Target got hit before it retrace back, just gonna see what it does for now.
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