Elysian_Mind

Bears are stronger than you think. And this is overbought.

Short
Elysian_Mind Updated   
BINANCE:BTCUSD   Bitcoin
The dark side is still strong in this one.
Lower lows do not show exhaustion.
The upside is overbought.
This price ($40000) could be a good place to open your shorts.
We already short.
Comment:
We think this idea is still valid.
Comment:
We expect the price to go lower than this ($38000).
So, we hold our positions.
FYI, you can move your Stop Loss to entry for a safe ride.
We moved it a bit higher than that because we feel very Bearish.
Comment:
For continuation, see "RELATED IDEAS": "Bulls are boring. Bears run the show."
Trade closed: target reached:
Congratulations on the 🌟 125% profit (x10)!

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