Bitcoin / TetherUSShort
One of my best short ever in bitcoin 35% profit
So i started noticing worrying factors when bitcoin was at 47k.
1) supply and demand-I noticed that majority of buyers were institutions i.e microstrategy and luna foundation. More on that in the idea linked below;Why instituions buying bitcoin worries me.
2) Trend- there was just no bullish momentum,twice on the dailies there was a bullish breakout but no juice to push prices higher;What to do if bears are in control of bitcoin.
3) A break of 35k; at this point i was fuck it let it run; is 30k possible for bitcoin
All three ideas are linked below but am closing majority of my shorts
1) supply and demand-I noticed that majority of buyers were institutions i.e microstrategy and luna foundation. More on that in the idea linked below;Why instituions buying bitcoin worries me.
2) Trend- there was just no bullish momentum,twice on the dailies there was a bullish breakout but no juice to push prices higher;What to do if bears are in control of bitcoin.
3) A break of 35k; at this point i was fuck it let it run; is 30k possible for bitcoin
All three ideas are linked below but am closing majority of my shorts
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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.