rosstopher

$BTC - Shortin the Shit Out of This

Short
BITSTAMP:BTCUSD   Bitcoin
I'm shortin the shit out of this for a short 8% but fairly high leverage gain. We are bouncing WEAKLY on the All Time High (ATH) Anchored VWAP level (pink) this further confirms my suspicions (and Institutions' confidence) that we're gonna see a dip into the all-important 2018 Low VWAP (blue) which is NOT coincidentally positioned at this exact point in time, moving directly above the prior Weekly HL (Higher Low). Bitcoin is quite predictable on major MAs (we're underneath 200DMA (dark brown) and struggling with weak price action to get over it - poor attempts) and Institutional VWAPS and pivot point (below the last pivot point again - not shown). I'll close my entire position directly at that as we NEVER fall entirely through major VWAP locations and perhaps long the bounce. I will COMPLETELY change my outlook if we turn back up and break Prior Higher Low on the 4H (4 hour). Good luck, yall. Keep your eyes peeled here. Sunday is often a big day for Bitcoin. Also, New Order is the best New Wave band of all time

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.