About meThe system I used to trade the markets is based on two concepts that all markets have in common fractality and manipulation (by market makers). For more information on how I trade visit the creator of this system, https://joaquinvega.es
The institutional investors have being accumulating short positions since October 2020, now the price is located in a very important zone where a 1000 pip movement would be the maximum potential that I give to this short opportunity. This is the types of trades that could last several months.
After showing signs of premature long accumulation, already mentioned on the last idea, Bitcoin evolve to a new pattern. There will be a close look to the behaviour of price to identify if this is a pullback or a major market turn, the first target will be at 11394 $ with the possibility of falling to 9472 $
After the recent bull run, many bitcoin analyst target the old time highs (20000 $). However based on my analysis, BTC is in a very important short manipulation zone. The first objective is in the 10832 $, the full potential that I give to this movement is up to the 9475 $, it could continue even lower. The risk/reward ratio's are extremely favourable.