In the previous cycles, whenever the pi-cycle indicators crossed we always had a top and a start of the bear market (or a correction at least), will this time be different ?
If this is an actual top, then bitcoin will start to move down and we caught the top to short,
If "this time is different" then bitcoin might(or not) have some correction and continuation upward, the top cycle indicator probably alerted many people to close some of their positions, so at least a correction might be on the way.
I am cautiously shorting with a stop-loss that I am ready to lose in case I am wrong and we are in a "this time is different" case..
Trade safely :)
If this is an actual top, then bitcoin will start to move down and we caught the top to short,
If "this time is different" then bitcoin might(or not) have some correction and continuation upward, the top cycle indicator probably alerted many people to close some of their positions, so at least a correction might be on the way.
I am cautiously shorting with a stop-loss that I am ready to lose in case I am wrong and we are in a "this time is different" case..
Trade safely :)
Trade closed manually:
Took profits,
I hate shorting bitcoin.
I hate shorting bitcoin.