TradingView
HD1184K
Feb 20, 2019 1:15 AM

Bitcoin (BTC) Doesn't look good for bulls medium term. Short

Bitcoin / United States DollarCoinbase

Description

I was a bit late on this one, because I was convinced we would get a big wick into the 4k area.

But I might as well post this now.

It looks like consolidation before a move down. I mentioned it already on social media. Short term we will go up from here, but I don't expect a major move upwards.

When was the last time retail got to make money like this? I would expect a fast move up instead of a slow and steady one. But there has been a lack of USDT deposits to Finex, so I guess that could be a reason.

Thanks for viewing!

Comment

We will probably be up here for a bit because lots of people closed their positions and liquidity needs to build up.

Trade active

I'm short from 3984.
I don't think the move down will be anything more than a correction so will not be holding this.

Comment

Finex received over 30 million USDT within the span of 2 days, causing the pump.

Comment

I got stopped out during the pump unfortunately. I didn't have time to view the market so didn't really reshort it.
Comments
Taiwan_Bear
Good stuff as always
deliciouspodo
Hello Xzhi, always appreciate / is waiting for your analysis :(
More