BTC January FreeFall

Similarly to how it -artificially- and quickly gained altitude in may of 2019, the Bit-Coin shall dump,It shall go back and regress to the mean, at which i expect this level to be around 5400~5700 $. although I'm not sure, there could be a flash crash to 4500$, so I have placed my buying support at different levels from 4900$ to 5600$, let's see how it goes. For now, I do not hold a single Bitcoin and i'd be very careful with my alt long positions, will buy again after that crash/return to the mean .


patience pays...

*bear emoji

Happy trading !

Comment:

On the spot! market might pause and range momentarily or if I'm lucky the dump will sharply continue.

I'm expecting some support to hold the price momentarily at 6350-ish , but not closing any shorts for now.

Comment:

Still holding my short, my liquidation price is 8800$.
I must admit, the entry price was garbage.

Trade closed manually