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Yuriy_Bishko
Feb 4, 2021 8:59 AM

Bitcoin - time for correction  Short

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

Preconditions:
- False break out
- high ATR
- euphoria in the market ( It's a great time for bears)


Gold fell yesterday. Bitcoin will fall today.
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Trade closed: target reached

Comments
SXTrading
This hardly makes sense. a break out of a trending channel means a retest and reverse in direction.
Yuriy_Bishko
erking
Bravo Yuriy, superb analysis. I had been holding as I was under the same impression. There are too many people talking btc to the moon and rocket signs everywhere .. that is a clear trap. Thanks for being honest and professional - you are one of the greatest!
Yuriy_Bishko
@erking, oh tnx
oldskoolz
Normally i dont comment, but i have to say -> you safed me money, thank you, i will follow :)
Yuriy_Bishko
@oldskoolz, cool thanks for your trust
SlavicChartist
Fingers crossed, still hoping for 27-25K area :D
Yuriy_Bishko
@SlavicChartist, I will buy there.
INSANEMOANING
@SlavicChartist, for real? that's not gonna happen bro, at least from todays view
SlavicChartist
@INSANEMOANING, My bet is on Rising DXY, it could mean a correction for SPX (also other big ETFs) and BTC as well.
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