Bitcoin (BTCUSD) This is a good price to be selling at.

Bitcoin has just barted up and liquidated 25x shorters. (Refer to XBTUSD)

I believe that Bitcoin cannot hold up here for long, so you can short this area.

If you want to be safe, you can wait for this pattern to develop more. I could see another small move past a previous high after positions start building on Bitmex, so make sure you are prepared. In the short term, there are people placing limit buys above previous resistance, so it will likely consolidate up here and could even move higher.

Thanks for viewing.

Comment:

Bitcoin did move higher as expected.

However, I stand by my bearish stance. The thing I did not expect was the massive pump ether had today.

Trade closed: stop reached:

This trade was utter garbage.

Comment:

If you're wondering. No I have not been liquidated. I don't use enough leverage to get liquidated off 2% moves.

I've stopped posting because I don't feel inspired to do so anymore.

I've always been a scalper and never relied solely on swing trades, but I only post these swing trades because tradingview does not support short timeframe ideas. I have tons of private ideas nobody ever sees because I post them only for myself.