Bitcoin 6X SHORT (Full Trade-Numbers — 189% BD-Pot)
Updated
My fellow traders, here we have a classic bearish chart setup.
➖ Bitcoin has been consolidation with a bearish bias now for six months straight; it has been printing lower highs.
➖ Volume has been dominant on the bearish side and the BTC side of the Altcoins market is decidedly bullish. These signals are telling us that Bitcoin is likely to move down next; another leg down.
➖ This move can develop within the next 3-14 days, thus making this a timing trade. Potentially, a "great entry timing."
I am wishing you profits and good luck.
___
SHORT BTCUSDT
Leverage: 3X - 6X
Current price: $57,000
Entry levels:
1) $61,000
2) $58,000
3) $56,000
Targets:
1) $53,500
2) $50,000
3) $44,444
4) $39,000
Stop-loss: Close daily above $66,000
Potential profits: 95% - 189%
Capital allocation: 3%
____
Leveraged trading is only for adults.
You are responsible for your own actions.
If you cannot lose money, you cannot trade.
This is not financial advice.
Do your own research and planning.
I am only sharing the chart setup, my experience and opinion, you as an individual take care of the rest.
Thanks a lot for your amazing and continued support.
You are truly appreciated.
You deserve the best.
Namaste.
➖ Bitcoin has been consolidation with a bearish bias now for six months straight; it has been printing lower highs.
➖ Volume has been dominant on the bearish side and the BTC side of the Altcoins market is decidedly bullish. These signals are telling us that Bitcoin is likely to move down next; another leg down.
➖ This move can develop within the next 3-14 days, thus making this a timing trade. Potentially, a "great entry timing."
I am wishing you profits and good luck.
___
SHORT BTCUSDT
Leverage: 3X - 6X
Current price: $57,000
Entry levels:
1) $61,000
2) $58,000
3) $56,000
Targets:
1) $53,500
2) $50,000
3) $44,444
4) $39,000
Stop-loss: Close daily above $66,000
Potential profits: 95% - 189%
Capital allocation: 3%
____
Leveraged trading is only for adults.
You are responsible for your own actions.
If you cannot lose money, you cannot trade.
This is not financial advice.
Do your own research and planning.
I am only sharing the chart setup, my experience and opinion, you as an individual take care of the rest.
Thanks a lot for your amazing and continued support.
You are truly appreciated.
You deserve the best.
Namaste.
Note
✴️ How To Know When The Correction Is Over? Bitcoin Too
I will show you a little trick because many people are saying things without the needed backing, nor experience.
"The correction is over" is too much of a broad term. We need first, to define correction and, second, we need to understand that not all pairs will end their correction at the same time.
Look at Notcoin, we could say the "bullish wave is over" in March 2024 but this isn't true for Notcoin, it wasn't even around on that date and surely, the bullish wave started in May and ended in June.
When Bitcoin reached a high of 74,000, the majority of the people that are saying "the correction is over," are the same people that were saying, "the start of the bull-market" and "100,000 next." All these same people could not see, not even predict but see, that Bitcoin was moving lower and it crashed on the 5th of August. The crash costed bullish traders billions of dollars, the exchanges took this money because they got it wrong.
Many people are saying that the correction is over, but this people were not able to predict the correction nor anything else for that matter, so why is it over? What makes you say that it is over? Where is the proof? With what authority do you say so? With what moral power? Based on what? Using which understanding? Where are the signals?
Whenever I make a prediction I use many different data points to support whatever I say. It is written on the TradingView rules, it says; use the data on your chart to support your bias.
You need data to support your point of view.
For example, I say it is going down and I give many signals, subtle and not so subtle that support by bias. It should be the same in reverse.
➖ How do you know when the correction is over?
When the correction is over, the Altcoins that move with Bitcoin, like Notcoin right now, will produce massive growth.
As soon as Bitcoin hits bottom, pairs like NOTUSDT, SOLUSDT, BNBUSDT, will grow so much, so fat, so strong, that it will be quite the revealing signal. That's the key.
The Altcoins that I am showing you bullish, hundreds of those, most of them ended their correction already, but they went very low, some hit new All-Time Lows and some are trading at multi-year strong support. For these, we can say, "the correction is over."
Those that are trading super-high, we have to wait... Based on the data coming from the chart and market conditions, the correction is not over, it is going down, it keeps on going down and it is going to crash again.
If you couldn't predict the drop that happened leading to 5-August, with the lower highs, the increasing bearish volume, the bearish MACD, RSI; RENKO trend breakdown, bearish moving averages cross-over and the rest, it is not your place to tells us what will happen next.
The correction will be over when prices start to go up, so far we continue seeing red and lower lows.
When it is over we will get clear signals from the chart.
You can visit my profile to find all the bullish pairs. The small Altcoins are good, the giants, not so much.
Bitcoin is in-between but it is still trading pretty high when you consider the price to be 58,000+.
58,000 is the same price at which Bitcoin traded back in February and April 2024, the baseline sits around 38,000 and 42,000; that's the minimum for this drop.
Let me go further:
It took Bitcoin 7 months of consolidation above 25,000 to be able to grow beyond 70K. That is seven months going sideways in a range between 25,000 and 32K.
That's it, that is the main, most important, most valid and most likely to be tested price range of all. This is the base created from whence Bitcoin started to grow to new highs and beyond.
When the growth is over, it goes back to test this support; will it hold? will it break?
We don't know, that is why the market moves up and down and tests those level, to see what comes next.
This price range mentioned above, matches exactly the 0.618 - 0.786 Fib. retracement range for the entire bullish wave that started back in 2022, just so you know.
We are being conservative when we say 40K.
Because Bitcoin can hit 40K in September and leave the lower range for November... Anyway, the correction is not over because Bitcoin is still down, Notcoin as well.
Namaste.
Trade active
We are on entry range.
Prepare for the short.
Trade active
Let's consider this, both scenarios.
It is true it can go up and this chart setup can fail, we have a stop-loss. It means we recognize the fact that it can fail.
Now, those that are bullish, just think about it, last time it was the same; you were extremely bullish before the early August crash and you were likely extremely as the actual crash was happening. It can move in any direction, ok, but think about it, you can be wrong again.
Last time, the majority of the people were wrong. They believed Bitcoin was going up while very strong and clear signals were pointing to the contrary.
The market did not move to make those inexperienced traders happy, instead it moved according to the chart.
Now, here I am not sharing my opinion or personal conviction, I am reading the chart.
The chart is bearish and says down.
I would understand if it was me or based on me or my belief, but we are talking about technical analysis, it is the same as last month.
➖ Bitcoin has been moving down for 6 months, it has been printing lower highs and lower lows.
➖ Volume is predominant on the bearish side.
➖ We have a bearish MACD and RSI, on all timeframes.
➖ Bitcoin is trading below all of the moving averages.
➖ The RENKO chart is bearish, on and on...
Now, why would anybody be bullish on a bearish chart?
Only due to a misunderstanding or erroneous interpretation of the data.
Bitcoin is not trading at 30K, it is near 60K now.
This is very high... High with very strong long-term bearish signals points toward lower prices...
What do you think?
Namaste.
Trade active
➖ When Bitcoin hit a major low in June 2022, was this the end of the correction?
No, later in November 2022 there was a second drop. This marked the end.
➖ When Bitcoin hit a major low in early 2018, around February, was this the end of the correction?
No, later in November 2018 there was a second drop. This marked the end of the correction.
➖ When Bitcoin hit a major low in August 2024, was this the end of the correction?
Not likely, the chart is pointing toward one more drop and this will likely be the end.
There are normally at least two major drops before a long-term correction is over.
Still, we do not measure the end by one or two but instead by focusing/following the chart.
Remember that there is also another drop in November but after the US Elections, we are going GREEN long-term.
If market conditions change (Bitcoin turns bullish), we will adapt and tell you so immediately.
Patience is key.
Stay strong.
We have so much good and positive coming our ways in 2025.
Thanks a lot for your continued support.
Namaste.
Note
✳️ OmiseGO Very Strong Bullish Breakout (Relationship To Bitcoin) —The Altcoins Market Is Going Up!
Here is another chart that shows how the Altcoins will behave if Bitcoin moves lower (or higher).
I will sum up the whole dynamic I've been explaining in the past 45 days in this trade-idea.
Bitcoin is trading really high, around 60,000, the same as back in March/April 2024.
Here we have OmiseGO, and recently this pair hit a new All-Time Low.
OmiseGO is trading lower than March 2020, obviously, the lowest ever.
➢ Once we hit bottom, the only place left to go is up.
Now, today Bitcoin is red and is moving lower, likely a lower high and the resumption of the bearish move.
Today, OmiseGO produced a super strong, high volume bullish breakout.
This is because the pair already bottomed.
So, those Altcoins that are trading low/near support, can easily recover and start to grow.
Those Altcoins that are trading high/near resistance (the Giants), can easily produce a strong correction.
The giants and those trading high right now are Solana, Tron, Binance Coin, etc.
You can tell by looking at the chart.
OMGUSDT is just one example but we have literally thousands of these pairs.
I've shared several hundreds myself recently.
If Bitcoin were to crash strongly or simply continue lower, we know that this and other bottomed out pairs can grow.
Note: At the beginning, the first few days, a strong crash on the Bitcoin side can affect the entire market negatively, this is normal. The smaller projects that already hit bottom can recover the same day or might even profit from Bitcoin's drop. The medium-sized Altcoins can take some time to recover while the big ones will move down with Bitcoin.
I am generalizing here and this can't be done.
We have to consider each and every single chart individually, because nothing is certain, the market is big and how a project moves will depend on its own chart.
But this general view, this global view of the market can give you a map and help you to better navigate the market when making the decisions and when you trade.
This information is not available anywhere else in the world.
It is only possible thanks to your support.
Bitcoin peaked 14-March 2024. It has been going down now for six months (lower highs and lower lows).
Many Altcoins have been growing for months and will continue to grow, while many more will start growing in the coming days, weeks and months.
The market is growing and evolving, we cannot reach conclusions based on assumptions, we have to plan and act based on the available data, based on the charts.
👉 The Altcoins market is going up!
Actually, let's reach a different conclusion: The Altcoins market will grow regardless of what Bitcoin does!
Namaste.
Note
It will be a flash crash.
Bitcoin's next drop is likely to be a flash crash.
Now that I think about it, the capitulation event.
Bitcoin's 2024 capitulation event is now right around the corner.
Prepare!
Trade active
Failing to hit 61,000 on the recent rise is a major sign of weakness.
Bitcoin is now dropping and still within our "entry zone/levels."
This SHORT trade is valid/ACTIVE!
The day now turned full red and the week is about to close on a bearish note.
Note
💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,001,150,000 USD) minted at Tether Treasury ($1 Billion USD) — 16-Sept.
The correction is over?
Trade active
The market always gives a second chance.
This might be your last chance to enter this SHORT.
Also, prepare for volatility.
Note
If the Bitcoin chart is giving you doubts just look at Solana or Ethereum, set up the 1H and 4H timeframes and compare.
Bitcoin will remain unclear because many people are watching it.
Bitcoin will be manipulated more strongly because many people are trading it.
You can also confirm through the other pairs.
If the other pairs are not matching what Bitcoin is doing, take it as a warning signal.
If Bitcoin goes up, these other should grow many times stronger. But if Bitcoin goes up and these remain bearish, it means that these are market moves to liquidate leveraged traders.
If Bitcoin goes down yet these others do not crash, watch out... A reversal might be imminent.
All sorts of moves will be happening now in order to liquidate as many people as possible before the final event.
Bitcoin is trading at 60,000 not 70 nor 30K.
70K would be high while 30K would be low.
Sell those trading high.
Buy those trading low.
Namaste.
Trade closed manually
Cancel the SHORT.
Chart setup invalidated.
The bulls win.
Note
The bearish bias remains valid/active but we will not track this short publicly.
Good luck.
Thanks a lot for your continued support.
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