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tmsarn
Jun 11, 2021 6:11 AM

Let's take a break. - BTC trade idea -  Short

Bitcoin / TetherUSBinance

Description

As you know I was really optimistic with my 31k long position. For now I think the bull are really weak. I have a similar when we made a lot of tries to break above 60k. I just want to announce here that I covered my profits by closing my "amazing" 31k position and I opened a short position. I am not bearish on the long run but we need another shakeout since the altcoin market is still overvalued.
Right now we have a lot of roumors that we are going back to 20k or even 13k (CME gaps). That will be to easy for everyone so I think that we will have a turn around 25k before a major rise to the upside. Join our community to get more details.

Trade closed manually

Position stopped with a tiny profit, I am going back to plan B (SHORT FROM 42K) check chart
Comments
Hamid69
i think market use dominance to pull up btc to 47k i don't think death cross will happen
tmsarn
@Hamid69, Lets see, I think BTC will be dumped after the retest of the cross (near 42k) too much positive news around BTC. A lot of positive developements happen during a bear market. People are buying the news, thats a good exit point for early investors. Fundamentals are changing on the market, altoins are overvalued. I think we need another shakeout to clear the market.
goldtrader07
Bitcoin to 100k
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