Bitcoin short to mid term ideas

2023年12月19日

I've been confused about Bitcoin for the last few weeks. I think this may be the start of a new macro range.

For now I can see a move to 37s. It's a buy for short-term. But we need to see the range for the long-term.

IMO Bitcoin ranging below 45k isn't a good look for the macro chart.

2023年12月19日

交易進行

I got a short just now. ~43.1k entry / 43.6k stop.

2023年12月19日

註釋

I like to see everything as channels. So I think this is still a valid pattern.

2023年12月19日

註釋

Here is a different view.

2023年12月20日

註釋

Remember how Bitcoin started to range before FTX news. Fake breakdown with FTX news then this run from 15k. Just saying.

2023年12月20日

註釋

You can say this is a breakout+retest. In my view it's just a lower high. I hold the short.

2023年12月20日

註釋

My entries have a habit of being sticky :D Let's see.

2023年12月20日

註釋

It was a equal high on CME 4h. Apparently CME is more bullish right now. Interesting.

2023年12月20日

交易結束：達到停損點

I won't force this position. If BTC is refusing to make a real correction here, it makes me think that this is a slow exhaustion phase. Go up very slowly. End with volatility. That'd be a macro top.