I'm starting to sell BTC. Here is my plan

11 Nov

In my previous BTC analysis, I mentioned my belief that Trump would win the election, potentially driving BTCUSD to a new all-time high. However, I don’t expect this surge to lead to a sustained bull market. Instead, I anticipate this to be an emotional reaction, with prices likely falling after a few days.

Now, with BTC trading above $80,000, I’m preparing to build a short position. Here’s my strategy:

Since there are no clear resistance levels above this point, I plan to make my first short sale at $82,000 and the next at $87,000, giving me an average entry of $84,500. I’ll set my stop-loss at $89,500, and my target is $74,500, aiming for a 1:2 risk-to-reward ratio.

I acknowledge that this trade is based more on intuition than on solid technical analysis, and I’m fully aware that it goes against the prevailing strong uptrend.

My rationale is that if BTC were to reach $100,000 in a sustained move now, without a solid drop before, it would be “too easy”—perhaps even too expected by all the traders.

And if I’m wrong, well, we can’t win them all, and I’ve already accounted for the potential loss in my outlook.

11 Nov

Trade aktif

I m in both sell orders.
Let s see now:)

13 Nov

Trading ditutup secara manual

I'm cutting my losses on short BTC.
Although my outlook for a strong drop is unchanged, I think a new ATH around 93 is very possible