Bitcoin | The Last Short (4-9X | 400% Potential)

26. Sept.

➖ Acknowledgments

I would like to thank all of my long-term readers for their continued support. I would like to thank my editor, for getting me out of so many blunders; the developers and the incredible staff at TradingView for doing an amazing job with the platform behind the scenes; but most of all, I would like to thank my wife and kids for always being there for me through these difficult times.

Everybody knows how hard it is to read charts and share publicly what we belief to be the correct translation of the digital codes, the financial hieroglyphs. I would like to thank everybody that engages with the content.


➖ Introduction

Many of you are aware that Bitcoin is about to crash. This is the last opportunity to short at a very high price before market conditions change completely. After this move unravels, Bitcoin will never be the same.


➖ Chapter 1: What To Expect

You can expect to see the strongest bearish action, the biggest correction in more than two years, since mid-2022.


➖ Chapter 2: The Numbers

These are the full numbers for my most recent Bitcoin short. We give some flexibility now in order to fight the trading bots. But we are going with 6-8X with entry at current price (whatever that price might be at the time of publish).

SHORT BTCUSDT

Leverage: 4X - 9X

Entry levels:

1) $68,500
2) $66,000
3) $63,000

Targets:

1) $60,000
2) $57,000
3) $53,500
4) $50,000
5) $44,444
6) $39,000
7) $36,500
8) $33,500

Stop-loss:
Adjust to your own risk tolerance

Potential profits: 189% - 422%

Capital allocation: 4%


➖ Disclaimer

Leveraged trading is for experts and comes with very high risk.
Do your research before jumping in.

This is not financial advice.


➖ Apendix

The first four targets were hit already in a previous down-wave. This means that these are high probability targets because Bitcoin remains trading within a lower high compared to the start of the previous drop. We expect a lower low next.

Experience is needed to approach these numbers.

I am wishing you tons of success.


➖ About The Author

I've been writing on TradingView since December 2017. My supporters love me and I love my supporters.

We are only getting started.
We are 100% Cryptocurrency and we belief Crypto to be the present of money.

In 2025, Cryptocurrency will be established as a common medium of exchange. Cryptocurrency will go mainstream. If you don't know about Crypto, it means you are offline, you live in the woods.

Thanks a lot for your continued support.

Namaste.

27. Sept.

Trade ist aktiv

This is active now. It will be fast and strong.

4. Okt.

Trade ist aktiv

First target hit. We are doing the calculation based on 8X with an entry price of $63,335.

For the next drop, I think we can clear up to three targets, two minimum.
We will see how it goes.

Targets:

1) $60,000 |Hit 3-Oct. (+42%)
2) $57,000 |Next target
3) $53,500 |Next target
4) $50,000
5) $44,444
6) $39,000
7) $36,500
8) $33,500

14. Okt.

Trade ist aktiv

We are entering new SHORT with maximum leverage, 9X.
We will use 65,995 as our entry price to calculate profits when the targets hit.

Targets:

1) $60,000 |Next target
2) $57,000 |Next target
3) $53,500 |Next target
4) $50,000
5) $44,444
6) $39,000
7) $36,500
8) $33,500

21. Okt.

Trade ist aktiv

We continue active.
21-October 2024

___
SHORT BTCUSDT

Leverage: 8X

Entry levels:

1) $68,500
2) $66,000
3) $63,000

Current price: $67,320

Targets:

1) $60,000
2) $57,000
3) $53,500
4) $50,000
5) $44,444
6) $39,000
7) $36,500
8) $33,500

Stop-loss:
Adjust to your own risk tolerance

Potential profits: 402%

Capital allocation: 5%