BTC recipe for a drop?

26 Jun 2021

6 Weekends out of 10 are Bearish with crypto , this is one point of view. However when do we continue the trend into the week?

Usually this happens with the following recipe:

- take 1 or 2 spoons of FUD
- 1 spoon of false retrace
- a handful of sell orders near critical support levels
- all of them happening in a bearish pattern on high timeframes

The 30k level might really fail this time, let’s see if there is any institutional brave enough to buy this fragile «dip«.

Now , I have this short setup. I highly advise you check that distance to stop loss twice and calculate your position properly. The RR ratio is not ideal but it is deffinetly doable. Also I would caution you with leverage, using extremely low leverage 1-2x would be smart and would allow you to enter this short safely.

This setup is optional.