Short

Imminent 22k crash BTCUSD

Updated

Well they do say a picture does say more than a thousand words, so a direct live feed to a chart should say more right? This brief moment of hopes and dreams regarding a Crypto winter and with it the ensued and highly anticipated Alt season is about to enter abrupt chaos.

First target before the weekend ends 42k
28k aka the artificial bottom (thank you central banks worldwide!) will of course not hold strong in early November.

More to come.

Trade active

17.3 BTC; Sell limit filled 9 hours ago. Tight SL only $90 above 14th April ATH.
Rest of this play is with 2022 Options.

Note

BTCUSD FIRST TRUE BEAR CYCLE. 12 YEAR UP, NOW THE OPPOSITE FOR A VERY LONG TIME.

5-6 Week Trading Plan ↓↓↓

TP-1 42.6K
TP-2 23.4K
TP-3 $8899

Trading Plan yearly until 2029. ↓↓↓

BUYING SPOT BTC ONLY UNDER $900.

Note

Added 23.7 BTC @ $64111 to the short , total size 40 BTC.

Note

Added 15 BTC @ $64501 to the short, total size 56 BTC with a weighted average price of $64223. Same SL for the added BTC @ $64945.

Note

I believe this was the last stop hunt, POPCORN TIME!

Note

Good thing I moved my SL :) Position is still in play.

Note

Added more BTC to position, the hunt for liquidity is running out of steam. Expect double red digits today.

Note

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UPDATING TP-3 FROM $8899 TO $16480!

DOWNGRADING THE LENGTH OF THE TRADING PLAN FROM 5-6 WEEKS TO 3 WEEKS!

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Note

Adding more BTC to the short with a sell limit @ 68k.

Trade closed manually

Closed entire position with 1500 pips profit. New shot at this at 68k

Note

Rather then opening a new post with less chatter I wish for this post continue my monologue. I plan get this trade from $67-68k and IF 70k I will martingale every break to 74.5k.

IF price continue past 73.5k I will add more contracts to my call hedge and await the scenario final target which is where I will be adding a lot more to my short position.

Note

After some overview trough my trading plan I decided I will be shorting from 87k on Monday. Looks the 87k scenario is the most probable one.

Note

And because of that I will make a new post since this setup will not play out.

market-crash

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