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junjunms
Dec 2, 2022 4:40 AM

BTC/USDT Bear case Short

Bitcoin / TetherUSBinance

Description

Hello everyone,

This is my case scenario for BTC . Everyone is bullish here but that is not the case, there's no free money for crypto to rally. Crypto didn't even rally with SPY during FOMC, which is a big deal.

My scenario voids in a daily close over 18k.

Comments
junjunms
Seeing weakness again, entered here @17,023 with 100x leverage.
junjunms
Do not blindly short, guys. Use levels right now nothing is breaking down, do not force a short trade.
junjunms
Closed shorts for 90% return on 100x leverage. Not seeing weakness, need to lose 16,700 for downside.
Khiwe
Your wave count is different to mine. Yes, I agree, it looks bearish. Thanks for sharing.
junjunms
@Khiwe, I'm not an expert, haha but that drop last night and this morning paid. No open positions as of right now since indices are not breaking down.
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