MegalodonTrading
Short

SHORT - BITCOIN - MARKET IS SMILING AT YOU

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Entry: Above 7442
Target: 5434
Stop: 7851
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Technical Analysis:
Fundamental On Chain Analysis:
  • MVRV 200 day moving average sloping down, signalling bearish market state.
  • Network unique wallet addresses are sloping down.
~Bo
Founder of Megalodon Trading
Dec 24
Trade closed manually: Closed shorter term shorts here.
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When you published this BTCUSD was already way lower than your entry level (7442). So your analysis say, there will be a pump to 7442+ and only then should we open a short position?
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@bsbcrypto, I opened the short earlier but i was not able to post it. Refer to my telegram for the trade we posted earlier. Thanks
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