Latest View on Bitcoin, Looks like that was the 2023 Top
Updated
With a Triple Top, its looking very likely this will breakdown tonight especially with 7.5 billion dollars of options expiring today and max pain level of 33k we would be looking at a 24hr 10k Dump in Progress, 2024 is year of the Bear as Blackrock prepares to capitulate long term Hodlers who didnt get in before 2015
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After hitting the weekly close 61.8% retracement of ATH, it looks like its about to Tank, happy shorting!Note
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I am layering in more £1000 5x shorts every $500 up to 49k to increase my position over time on the daily and weekly pullbacks, i am hopeful that several of these to be filled within the coming weeks before we drop below 40k, although honestly bitcoin is looking very weak and in order for them to be filled it will require the 40k demand zone to hold with a decent bounce which is looking unlikely. With an average sell price of 46.6k and my final short entry at 47.2k on Jan1 11th with a total position of 120k opened at 2x, i have now increased the leverage to 5x, with the intent of raising to 10x when we hit my first actual bounce zone of aprox 25k.
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