BTC short to 30k - shake out weak hands for a few days at least.

6 Jun 2021

I've been in this trade for a few days now, seems to be playing out nicely so far. basically: the bull run is only just starting. This is just profit taking time, and testing the conviction of 30k support, a nice clean 50% drawdown from the blow off top. We won't see an 80% drawdown until much later in the bull market, well above 150k. In the next few days though, prepare for some scare tactics and violent candles.