Bitcoin / TetherUS
Short
Updated

Bitcoin consolidating near breakout area, Waiting for short sig

269
Bitcoin consolidating, be vigilant, might breakout, no shorting yet. Avoid false breakouts watch for volume, right now is weak, but things might change.
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strong resistance at 48900 area as seen on daily chart near 200 ema, if breakout happens we are going on a 8-10k down rollercoaster ride, Againt watch volume, Risk reward on this trade is 7 to 1, This can be a very rewarding trde if breakout is confirmed. stop loss at the top of triangle around 50500-51000
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Let it go down a little more, find the voume spike, still nothing around 48900 doesn't count it's strong support on daily 200 ema
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still garabge, check low time frames 5 min it's goofy. it's not a rollercoater it's a swing on the playground at best
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market seems to be pulling back, if the pull back is weak i am opening a short position
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Look for signs of market panic not there yet, but selling pressure is there is a good sign for this BIG SHORT. NOT YET, I will post as soon as I feel fear.
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whale notification within last couple hours have been showing whales buying staff from exchanges and transferring to their anon wallets, not a good sign, Volume still weak, we need to see big action. 200 ema on a daily is holding ppl back. They believe bull market not over. If we drop to 47-46 I believe that's when the panic is gonna kick in. When you trynna catch a big ride and not eat ****, you have to be patient. I haven't slept for 48 hours. We ready over here. We are climbing back to 48900 resistance and gonna test it. Let's see what happens. Key is patience especially when I am planning a large percent of my portfolio to go into a leverage trade. For any scalpers out there this is a perfect opportunity. We've been riding nice waves.
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macd cross down at 4 hrs good
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spx down good
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crypto cap stays the same bad!
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just shorted we dropped below support of 48162, there is blood on the streets
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I hope you ppl hopped on the train
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party's just getting started
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we are stuck in a ranging market 47.4 - 49.4 long term ranging market trend, I am so annoyed

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