Shorting BTC at $44,100 with Eyes on $37,400 - V1

Updated
🚀🔮 Crypto Rollercoaster Chronicles: Unveiling BTC's Next Move! 🎢📉

Hey Crypto Mavericks! 🌟 Time for another chapter in the saga of BTC's wild ride through the crypto cosmos. Buckle up and grab your popcorn because we're diving into the thrilling highs and lows of the recent BTC escapades. 🍿🚀

December 8: The Summit & Slide

BTC reached the dazzling heights of $44,700 on December 8, only to plunge into the depths at $40,222 thanks to a sneaky triangle breakup. Classic crypto drama, right? 😱💔

December 22: The Short Play Showdown

Fast forward to December 22, and our fearless trader steps into the spotlight, rolling the dice with a short play at $44,100. 🎲✨ Target set at $37,400, and the stop-loss playing guardian at $45,200. But we're not just playing the game; we're orchestrating it! Cue the maestro and the symphony of adjustments. 🎻🎹

December 23: Spike, Drop, and Resistance Tango

In the latest scene, we're dancing with resistance around $43,300. Indicators are doing the cha-cha, hinting at a breather, but surprise – confirmation for a drop! Spikes are not just spikes; they're golden opportunities to amp up the position for a smooth rollercoaster ride to $37,400. 🎢📉

The Grand Finale: Triangle Breakout Spectacle

And now, dear crypto comrades, the pièce de résistance! We're in the midst of a déjà vu triangle moment. Like a cosmic dance-off, we anticipate the triangle to break down. Our short position at $44,100 is set to groove, with eyes on the target of $37,400.

Navigating the Crypto Cosmos: Support and Resistance Edition

Hold onto your hats! As we navigate the twists and turns, the support zone at $43,400-$43,200 is our trusty safety net. Break below and close? Brace for impact – a significant drop might be our encore, with potential stops at $41,900-$41,650. The crypto dance is all about knowing when to sway and when to dip!

In Crypto, We Trust:

As we navigate the twists and turns of this crypto rollercoaster, remember: It's not just a game; it's an adventure! 🌌✨ So, keep those crypto goggles on, ride the waves, and let's turn this rollercoaster into a masterpiece! 🚀🔮

Disclaimer: This is not financial advice; it's the chronicles of a crypto journey. The crypto cosmos is unpredictable, and decisions should be made with caution. Stay adventurous, stay savvy, and happy riding, fellow crypto thrill-seekers! 🌈🌐
Note
BTC Triangle Breakout Unleashes the Bears! 🐻📉

Crypto Adventurers, hold onto your hats – the BTC saga continues! 🚀✨ As anticipated, the cosmic triangle has broken down, unleashing the bears and guiding our journey to $42,500. Our trusty support-turned-resistance at $43,400-$43,200 stood strong, witnessing a mighty BTC rejection to the downside.

The Next Move: Adding to the Arsenal 🌌💼

In the aftermath, as BTC lingers below our newfound resistance, we're gearing up for the next move. 🕵️‍♂️💡 After a resounding rejection, our strategy involves fortifying our position by adding to the arsenal. The battle plan? A smooth addition to our crypto cavalry, tactically navigating the crypto cosmos.

Navigating the Crypto Battlefield: Stop-Loss Management ⚔️🛡️

But wait, fellow adventurers – the journey wouldn't be complete without a touch of risk management magic. 🎩✨ With eyes wide open, we'll be managing our stop-loss, ensuring we're ready for any unexpected twists in this crypto epic.

Charting the Course: The Next Stop at $41,900-$41,650 🗺️🚢

And now, the compass points us toward the next destination: $41,900-$41,650. The voyage is not for the faint-hearted, but with each dip, we refine our strategy and emerge stronger in the crypto cosmos.

In Crypto, We Trust:

As we navigate the uncharted waters, remember – this is not just a journey; it's an adventure! ⚓🌊 Stay vigilant, stay resilient, and let's ride these waves together. 🚀🔮
Note
Market Update: 📉🚀

Hey Crypto Fam! Here's the latest scoop: BTC made a dramatic move before yesterday, breaking down the triangle but stumbling at the retest on the 25th, rallying up to $43,850. 🔄🚀

Fast forward to today, and we're on a rollercoaster again. BTC is currently flirting around $42,400, dancing on the monthly bullish channel and the daily 200MA. The suspense is real! 🤔💥

But here's the plot twist – if we witness a break below and a close, brace yourselves for a potentially significant drop to $37,400 and possibly even lower. The crypto drama continues! 🎭📉
Note
Crypto Rollercoaster Update: 🎢📉

Hold on tight, Crypto Adventurers! Yesterday, BTC took us for a ride, dipping to the support zone at $41,637, right within the projected range of $41,900-$41,650. What a precision landing! 🚀🎯

But, as the crypto cosmos loves a good plot twist, BTC is on the rise again, facing a formidable foe at the resistance zone of $43,200-$43,400. It's like a crypto tug-of-war! 💪📈

Now, pay attention to the H4 timeframe – if BTC showcases a rejection at the $43,200-$43,400 barricade, our crystal ball suggests a potential drop to $40,700-$40,500. 🕵️‍♂️💔

And here's where the saga gets intriguing – if BTC gracefully gives us a push to the downside, our trader here is gearing up to add to the crypto arsenal and, of course, slyly move down that stop loss. 🎩🔄

The crypto plot thickens! Stay tuned for more twists and turns as we surf the waves of the crypto cosmos. 🚀🔮
Note
Hey Crypto Crew! Grab your virtual popcorn, because the BTC saga continues! Today, we had a rendezvous with the bears as BTC dipped to $41,650. 🐻💔 But, oh, the drama – it refused to commit, dodging a close below the support safety net at $41,900-$41,650. Smooth moves, BTC! 🕺✨

Now, picture this: we might be in for a wild pullback to the $42,600 zone, where a 30-minute gap is waiting like the party host with a surprise entrance! 🕰️🎉

And here's the pièce de résistance: If you've added to your crypto crew at $43,100 and slyly adjusted that stop loss to $43,100 as well, guess what? You're already in the profit zone – talk about a crypto magic trick! 💼💹

Crypto rollercoaster at its finest! Buckle up, stay fabulous, and let's ride this wave with style. 🚀🌈
Note
Hold onto your hats, Crypto Trailblazers – the gap has been filled! 🎩✨ BTC just pulled off a dazzling performance, filling that 30-minute gap at $42,600. Talk about a crypto magic show! 🪄🌌

Now, with the stage set, let's keep a keen eye on the trade. The spotlight's on, the audience is watching – time to see how this crypto drama unfolds. 🍿📉
Trade closed: stop reached
Chart PatternsHarmonic PatternsTechnical Indicators

Related publications

Disclaimer