HinglishInvestor

End of the momentum for BTCUSD - IT'S CORRECTION TIME!

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Expecting the end of this upward move. I have a 5% margin of safety under the last ATH , as I believe this to be the point that will trigger fund managers to wait for a correction.

Correction expected to be 25-40%, with a higher chance of it being 30% based on previous bull cycle.

I would not short bitcoin , ever, so this will solely be a waiting game - in the meantime revel in ETH's move upward or take a break from this intense month!

Good luck!
Trade active: 21 EMA likely to be a target as it hasn't visited since September, and 21 EMA was a great support in the last bull market.

Comments

also expecting this to drop on weekly 20MA, why would the big funds not want to trigger correction with the big positions they are gonna sell off and make the retail weak hands sell off top and buy back from them at lower prices, SHORT on this ✅
+1 Reply
There is no more hype like it was in 2017 so btc can have more healthy growth. Don't get me wrong this still is parabolic rise but after parabolic rise there is also a big fall :)
Reply
I would say he is probably spot on... I was looking the same thing... Big correction and than slowly back up higher...
Reply
U dosey twat
Reply
Thinking Bitcoin will fall that much
Reply
You obviously have no clue
Reply
That’s the worst trade I’ve ever seen
Reply
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