Bitcoin | The Last Short (4-9X | 400% Potential)➖ Acknowledgments
I would like to thank all of my long-term readers for their continued support. I would like to thank my editor, for getting me out of so many blunders; the developers and the incredible staff at TradingView for doing an amazing job with the platform behind the scenes; but most of all, I would like to thank my wife and kids for always being there for me through these difficult times.
Everybody knows how hard it is to read charts and share publicly what we belief to be the correct translation of the digital codes, the financial hieroglyphs. I would like to thank everybody that engages with the content.
➖ Introduction
Many of you are aware that Bitcoin is about to crash. This is the last opportunity to short at a very high price before market conditions change completely. After this move unravels, Bitcoin will never be the same.
➖ Chapter 1: What To Expect
You can expect to see the strongest bearish action, the biggest correction in more than two years, since mid-2022.
➖ Chapter 2: The Numbers
These are the full numbers for my most recent Bitcoin short. We give some flexibility now in order to fight the trading bots. But we are going with 6-8X with entry at current price (whatever that price might be at the time of publish).
SHORT BTCUSDT
Leverage: 4X - 9X
Entry levels:
1) $68,500
2) $66,000
3) $63,000
Targets:
1) $60,000
2) $57,000
3) $53,500
4) $50,000
5) $44,444
6) $39,000
7) $36,500
8) $33,500
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 189% - 422%
Capital allocation: 4%
➖ Disclaimer
Leveraged trading is for experts and comes with very high risk.
Do your research before jumping in.
This is not financial advice.
➖ Apendix
The first four targets were hit already in a previous down-wave. This means that these are high probability targets because Bitcoin remains trading within a lower high compared to the start of the previous drop. We expect a lower low next.
Experience is needed to approach these numbers.
I am wishing you tons of success.
➖ About The Author
I've been writing on TradingView since December 2017. My supporters love me and I love my supporters.
We are only getting started.
We are 100% Cryptocurrency and we belief Crypto to be the present of money.
In 2025, Cryptocurrency will be established as a common medium of exchange. Cryptocurrency will go mainstream. If you don't know about Crypto, it means you are offline, you live in the woods.
Thanks a lot for your continued support.
Namaste.
