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We're building a BIG SHORT on Bitcoin!
Hey guys 👋
Just an FYI, we have been shorting BTC for a while, adding on to the short on every lower high formed on the 1H chart.
We are gunning for big drops on BTC and overall crypto, yet of course we're just as ready to buy as we are to sell if the structure of price action changes.
For now, our targets are 3, see them below:
1) The neckline
2) The volume support at 12.6k
3) untested POC of the bullish structure 8.3k
On Wednesday the FOMC is due to raise rates again, the higher the rate outlook becomes... the lower crypto should/could go.
More on this in a video that is related.
Just an FYI, we have been shorting BTC for a while, adding on to the short on every lower high formed on the 1H chart.
We are gunning for big drops on BTC and overall crypto, yet of course we're just as ready to buy as we are to sell if the structure of price action changes.
For now, our targets are 3, see them below:
1) The neckline
2) The volume support at 12.6k
3) untested POC of the bullish structure 8.3k
On Wednesday the FOMC is due to raise rates again, the higher the rate outlook becomes... the lower crypto should/could go.
More on this in a video that is related.
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