SabahEquityResearch

CZ's money laundering problems could spell over into crypto !

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
The outcome of the allegations against CZ and Binance may have significant implications for the entire cryptocurrency industry. Although the prices have not seen any sign of weakness, maybe it's because they are still pumping, once they are done no body can stop this from making a good enough size correction to the downside.


Not an investment advice I could be wrong.


Pump the idea with your likes for regular updates on BTC prices.

Thank you
Trade active:
im in
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there is a very good chance that the downside is started.
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im short 26 bitcoins. hopefully we will get our 10 precent healthy correction to the downside .
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booked 50% of the profit, moved the SL into BE for the remaining 50% of the position.

I will add or cut the shorts as things develops.
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I'm adding to my shorts. I Could be wrong , even if im wrong I have a system to get out before its too late .

do your own DD.
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added my final short here. lets see
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as im going to bed , reduced 95% of my btc shorts, i need to so more downside before i can jumping in again.

went long matic and bnb.

i dont know how they will play out .

will make an update tomorrow.

good night
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Here is how my thought process works

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seems like we are going to 40k before making a decent size correction .

for those of you who are stuck in shorts, cut the losses or wait for a correction to get out.
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U have the green light to short .
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if we break the blue line it can fall much further . however if the blue line did not broke one push higher will be very probable.

i will keep updating you as things develops.
Order cancelled:
So we did not come below 39034, its not wise to short this yet. stay away from shorts for now.
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And if you hate BTC, u can only short this with ease once this goes beyond 70k.

my bigger picture price target for btc is still 100k, or at least hitting ATHs once more. until then if and when I want to short this , I know its for a pullback.
Trade active:
im short
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its about to hit my sl @42420
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im short again . it hit my sl last time.

price 43600
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trade idea . im in to cover my loses attempting to short btc

Trade closed: target reached:
I made a good chunk of money shorting this . this short was so decisive for keeping my portfolio green.


I will stay away from BTC for sometime.

Next time I will probably take longs . it can easily go beyond 69k.

we are in a monkey world everything is possible
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here is how I would go long
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new idea out click on it and show me your support


im long bnb
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move the sl of BTC long into BE and hope for the best
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update :
this is the most probable case for now .

lets see how will it play out
Trade active:
Im taking a short position here with stop @ 44k

I can be wrong but willing take this short
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new post out on btc i will only update the latest idea. click on it and boost the idea to get updates

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