STRONG SHORT 🔴 Lenin Would Be Proud Of This Short
We were one of the first traders who called short (26 July) when BTC spiked above $40k, and everyone else was calling ATH, moon, and bull run.
You asked me if the idea ("All-in BTC Short 🔻 TP: $31 700, x10") was still valid: Yes, it's still correct.
So, this is a clean remake of the same idea to reinforce our position.
🔴 KEY POINTS:
- RSI is strongly overbought
- Momentum hit RSI Resistance
- Price Action hit Historic Resistance
- Machine Learning (Artificial Intelligence, Linear Regression ) says upcoming Resistance
- Bitmex Funding Rates favor short positions
- Bitmex Troll Box is overbought (90% long)
- Bitfinex whales started to short
- Okex Top Traders have more shorts than longs
- Chart Pattern: This Technical Indicator Variation worked 100% in the past
We've got BTC short. All-in.
We were one of the first traders who called short (26 July) when BTC spiked above $40k, and everyone else was calling ATH, moon, and bull run.
You asked me if the idea ("All-in BTC Short 🔻 TP: $31 700, x10") was still valid: Yes, it's still correct.
So, this is a clean remake of the same idea to reinforce our position.
🔴 KEY POINTS:
- RSI is strongly overbought
- Momentum hit RSI Resistance
- Price Action hit Historic Resistance
- Machine Learning (Artificial Intelligence, Linear Regression ) says upcoming Resistance
- Bitmex Funding Rates favor short positions
- Bitmex Troll Box is overbought (90% long)
- Bitfinex whales started to short
- Okex Top Traders have more shorts than longs
- Chart Pattern: This Technical Indicator Variation worked 100% in the past
We've got BTC short. All-in.
Trade active
Bitcoin Price Action hit resistance with volume and activated our trade:Side: Short
Pair: BTC/USDT
Target Price: $31 700
Stop Loss: $50 000
Entry Price: $40 000 - $45 000
Leverage: x10
Note
As we predicted, the Price Action attempted to break up, but there wasn't enough Momentum to stay above the Resistance Line.We've seen a Volume Rejection, and Bitcoin continues its way downwards.
Note
Congratulations on your profitable position if you follow this Idea! 💸Trail your ROI wisely.
Note
😊 Join our community:Discord: discord.gg/TnJc2SNeBM
Telegram: t.me/oxybits
Website: taken.to/oxy
Note
Don't be a noob.We closed this position a long time ago.
In profit. (Trail Profit)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.