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bowtrix

Retire on shorting Bitcoin

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
bowtrix Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Wave Analysis
34
16
waveanalysis
Hello friends.

Shorting Bitcoin should yield enough profit to retire if we can get in at the 40k level. This is one of the best trades you will see in the coming years, so the size should not be small!
Comment:
Polymarket quotes the odds that specifically a BlackRock ETF is created this year at around 50%. I think the odds are closer to 80% for *any* Bitcoin spot ETF to be approved this year (counting Greyscale GBTC). And if that happened it would still pump the market quite a bit.

When the ETF is announced, Bitcoin will be very likely to pump. We want to get massively short into that movement. That is the peak.
Comment:
We haven't had the ETF announcement quite yet, but I think that this is the time to get short right now. If we do see it, we could go even higher, but if there is even a perceived rejection, which is still on the cards, the red candle will be like -25% in a minute so it's worth being short.
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