Historical short $BTC
Over the years, Bitcoin has developed a recognizable pattern: after a prolonged bearish phase, it experiences sideways movement to accumulate enough buyers. This is often followed by a significant upward movement, reaching an all-time high with around 100% growth. After this upward surge, the market typically transitions into a sideways phase, leading to a correction and money being pulled out of the market.
Observed so far:
What’s still to come:
Why do I believe a correction will happen?
It’s not just historical data pointing to this. Additional factors include:
What will I do?
I plan to short Bitcoin to around 80k. Further details can be found in my new ideas.
I will also analyze the altcoin market cap very carefully. After Bitcoin's bull run, money typically flows into altcoins, starting with large-cap coins, then moving to mid-cap and low-cap coins, and eventually into meme coins like DOGE.
Observed so far:
- The initial pump
- Sideways movement
- Approximately 100% upward movement
What’s still to come:
Why do I believe a correction will happen?
It’s not just historical data pointing to this. Additional factors include:
- Declining liquidity and ETF tools
- Downward momentum and reduced cash flow
- Long squeezes at 93k and bearish RSI divergence
- The Fear and Greed Index has been in "Greed" for over a month
- CME open interest has dramatically decreased from $21 billion to around $18 billion, indicating institutional investors are pulling their money out
- Futures open interest and ETF buying volume have also decreased, showing reduced buying pressure for Bitcoin during the recent upward movement
What will I do?
I plan to short Bitcoin to around 80k. Further details can be found in my new ideas.
I will also analyze the altcoin market cap very carefully. After Bitcoin's bull run, money typically flows into altcoins, starting with large-cap coins, then moving to mid-cap and low-cap coins, and eventually into meme coins like DOGE.
Trade active
As I have predicted I the correction is happening I have entered a trade. 30 min technicals confirmed the short, and 4h also.
How have I done it? I have read the presence data clearly.
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.
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.