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Bitcoin
Short

Trade #17 Short

By Theta-Digital
Updated
March 21, 2023 - entry: $27,938 - stop: $29,387 (5.2%) - target: $8,000 - time: 60d
short into consolidation after hopium infused rally
Note
FOMC -1h:
So far as expected, first move wrong move.

Crash might also play out on 25bps + 'gonna keep hiking more after this'.

US will keep paying high enough rates to make the USD the most attractive risk-reward fiat CBDC.

Inflation only matters on a relative basis vs. other fiats
snapshot
Trade closed: target reached
TP-exit at $27,500 as planned after .382 retracement crossed without having breached 26k
snapshot
Trend Analysis
Theta-Digital

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