rexlomax

Short the Bitcoin Golden Cross

Short
rexlomax Updated   
BITMEX:XBTUSD.P   Bitcoin
Best entry around 5650-5750$

Bear Divergence.

Watch out for wicks hunting stop losses...

Maximum bitcoin price could be around 5900, above 6k with sustained price action would cancel this trade.

This is a swing trade that could take weeks.

Be safe.
Trade active
Comment:
Distribution keeps on, when price closes below 4800 there would be more certainty it'll go to 4500
Comment:
RSI bear divergence can be seen on 1D and 3D, also MACD is soon to confirm these bearish divs.

All pointing out that this rally is coming to an end and BTC will correct to 4k area
Trade active:
This trade still remains alive.

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