Bitcoin Shorting Idea

Good evening Traders,

We had a wild week in legacy markets but also in crypto. With Bitcoin setting new highs, Gold above 2000 USD/oz, we seem to have a steep bullish sentiment of "store of value" assets. This move on both assets is an opportunity, what you need is a plan, a plan that helps you profit.

Here is my Game Plan:
- Bitcoin needs to push into box between 28500 and 29500
- We need to see some price consolidation
- No big spikes above 30k (otherwise idea is rejected)
- Drop right onto 28500
- Further consolidation needed
- Once we break below 28500, trade is activated and I will be looking to short
- Short when Bitcoin breaks 28300 clearly

Hope this helps, but make sure to watch the video to understand the idea.

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Best
TraderCH

Komen:

Looks like BTC is moving higher, if you long, make sure to have an eye on your position. Stops mean nothing in volatile moves, stay safe.

Komen:

Idea still valid, might be adding an additional short scenario tonight.

Komen:

We are moving, lets see if we get that break of the box.

Komen:

Trade idea activated as soon as we get a touch of my box

Komen:

Bitcoin goes higher, we are getting close, let see how the market reacts

Komen:

Open of US markets could bring some volatility, might see some momentum coming in the markets

Komen:

BTC in range

Komen:

Looking to scale in - wrong on idea above 31.5k