Take profits BTC, go short 15 min death cross

Last time we had a 15 min death cross (50 and 200 moving averages crossed under) in this uptrend we saw a huge sell off. We could see some nice profits here from a short swing.

Good to take long profits here and wait for a 15 min golden cross again.

Take short profits at green support zones and sell into rallies

Comment:

daily chart is obviously extremely overbought.

Amateur traders just hodl, we are still in a macro bull market and this is unlikely to be the very top

Trade closed: target reached:

first target reached 38k profits taken, re-load shorts on the rally until 15 min golden cross comes again

Trade active:

See reply note below to kingzpinz but death cross now on 30 min chart should push prices a little lower perhaps to 30 k support before major short covering and longs. Careful shorting below a rising 200 period hourly moving average

Trade closed: target reached:

Second short closed at 30k. Too risky to hold shorts now way below rising hourly 200MA. Expect some messing about here with possible divergences and some buying action (and short covering) to come in, before we see what's next in this market