NinjaTradingServices

BITCOIN SHORT TO $15,000

Short
BYBIT:BTCUSDT   BTCUSDT SPOT
So first of all I am net long on bitcoin but short term I am short biased. I have never seen over-extension like this that actually continues for very long. I do believe that we will drop to 15k where we will form an inverse head and shoulders pattern on the weekly. After that has been created bitcoin will create the largest rally in it's history.
Comment:
If price breaks higher than 55-60k then it means I have made a mistake in the top and in actual fact price will rally to 90k before creating a bear market. So far that is not the case so I am sticking with my primary analysis.

If price does break higher I know the exact mistake I made according to the historical analogue.

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