BitcoinShort
THE BIG SHORT: UPDATE - The Big BTC Short
The steep angle of ascent as seen in this most recent BTC bull run has occured only twice since 2018 (longer term daily chart), both seeing BTC trade sub 
4K vs. USD within the coming weeks.
- Break of trendline support would be confirmation that BTC bulls have exhausted and an equally vicious downside swing is in store
- Shorts on breakouts below the recent uptrend support level open the door high r:r opportunities
- Holding medium to long term short positions with stops above 20k barrier and likely to add to position on a breakout below the recent extreme angle of ascent on trendline support as its provides confirmation of most likely choppy price action followed by a steep downtrend in BTC
Long run, I am long BTC...swing trades on short or long side are to accumulate more BTC holdings.
Trades are based on top down macro-economic fundamentals with technicals primarily applied for risk mgmt purposes to attain high r:r setups
4K vs. USD within the coming weeks. - Break of trendline support would be confirmation that BTC bulls have exhausted and an equally vicious downside swing is in store
- Shorts on breakouts below the recent uptrend support level open the door high r:r opportunities
- Holding medium to long term short positions with stops above 20k barrier and likely to add to position on a breakout below the recent extreme angle of ascent on trendline support as its provides confirmation of most likely choppy price action followed by a steep downtrend in BTC
Long run, I am long BTC...swing trades on short or long side are to accumulate more BTC holdings.
Trades are based on top down macro-economic fundamentals with technicals primarily applied for risk mgmt purposes to attain high r:r setups
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