Avatar1964

Short the euphoria

Short
BITMEX:XBTUSD.P   Bitcoin
We have seen some panic buying like it was the last chance to buy any highly overvalued crypto, thinking we are going to the moon. Short sell all of your cryptos. The number of shorts is much lower than a few days ago so there is less probability of short squeeze, Stoch and RSI are overbought like crazy. We are not going to the moon and if we continue to go up this will be the biggest bull trap crypto has ever seen.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.