BTC distribution, Sideways action, then Drop.

Swing trade: Short BTCUSD

Target : 20k

It's pretty straight forward, not much has happened to break 29,000. Maybe there will be a couple more attemps, but will ultimately fail. April will be a sideways month and then a big drop. May should be better for BTC.

Lets wait and see.

Trade active:

First Target 26350.

High probability of sideways action before reaching target.

Comment:

On course to reach target.

Lower high.

Did not break trend channel,

Comment:

BTC taking its sweet time to go down, perhaps it will go to 28500 before going down. (liquidating high margin traders)

— "When the water is calm, take as much distance as possible with your boat!" - Mehmet Murat ildan.