Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Since April 19th (and fairly apparent by the 11th) BTC is looking quite like a textbook example of Wyckoff distribution. The most recent pump after bottoming slightly at 8.2k seems like possible throwback, and will be adding more to my short from now till 8.7k. Will market eject at 8.9k.
Coindesk Consensus is next week and so it this will either be a mega fomo bulltrap or I'm an idiot and will need to throw some eth for some KYS: killyourself.network.
Trade active
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Average entry is now 8760 (Position opened originally at 9300); possible diamond reversal pattern but counting on symmetrical triangle breakdown