Bitcoin (BTC) May bounce here

My last idea called for a drop in price, with a possible long if it could hold above the short area. That failed, and I have been short since. View trades in related ideas.

I have already closed my short and current hold an underwater long as I got in a bit too early, around 3383.

If this holds similar to a bart formation, I will be very happy.

After some thought, I decided to long Bitcoin here. This could be pretty risky as 2k Bitcoin got bought on Finex, and the buyer is currently underwater, but it does seem like they are collecting shorts right now.

I'm unsure if this will squeeze up, so it is a gamble.

There is no TA involved. Just predicting what the MMs will do.

Thanks for viewing! Please don't take this trade unless you are willing to lose everything. I have an account that is currently long, and am perfectly fine with a liquidation.

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Approaching area of resistance, where I longed before and 2k btc was bought.

You can probably wait for move down and buy cheaper.

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Nice.

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Alright this is the start.

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Took profit when 10x got liquidated.

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We had that short squeeze, so in theory we can drop further now, but shorts are still very high. I'm guessing its going to have a 50% correction but I still believe its going up.

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This is going to drop

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We got the dump. Look at buying back in only if Bitfinex starts getting bullish again. I will monitor.

This could be a bear trap. Who knows.

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Alright. 25x liqs hit & above previous short accumulation zone. Hopefully this is it.

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Hope

Trade closed: target reached:

I longed the exact bottom.

I'm probably not going to update this idea anymore since it's basically dead.

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If you want some trades to take, follow @yfugen1.

friendly whale who only wants to have fun. just countertrade him.