Bitcoin PREMIUM 7X Capitulation SHORT (Updated) —333% Potential

Nov 5

There are several more SHORTs that I want to make public before ending this cycle. A year is a long time, and more pronounced when we are here interacting, communicating and exchanging daily, so it is better to put them all out now.

First, let's update the Bitcoin SHORT, which is the main one.

The rest you can find by visiting my profile; I will publish those next.
I don't want to miss SUI, SEI and Aptos as a public full trade-numbers trade.


➖ Technical analysis

Bitcoin is trading below resistance which we consider bearish. Bitcoin produced a long-term double-top, more than 7 months long. The same level that is active now produced a major crash in April 2021, November 2021 and March 2024. This is a very strong resistance level.

If resistance is broken, the bearish bias becomes invalid.
If resistance holds, the chart setup remains intact and bearish potential strong.

Many Altcoins already moved ahead after producing a weak bounce or inverted correction, it is safe to assume that Bitcoin will do the same. Market conditions can change so do your own research and planning.

Full PREMIUM trade-numbers below.
____
SHORT BTCUSDT

Leverage: 7X

Entry levels:

1) $74,000
2) $71,000
3) $68,000

Targets:

1) $65,750
1) $62,000
2) $58,500
3) $54,500
4) $51,000
5) $44,444
6) $39,000
7) $36,500

Stop-loss:
Close weekly below $75,000

Potential profits: %

Capital allocation: 3%
___

Thanks a lot for your continued support.

Leveraged trading is high risk and shouldn't be approached by beginners. The risk of loss is too high. Trade at your own risk. I am not responsible for your actions.

I am wishing you the best and I hope you achieve success together with all of your health and financial goals..

Thank you for reading.

You are appreciated.

Namaste.

Nov 6

Trade active

We get to update only once now... Current & entry price $74,190.

Good luck.

Patience is key!

Nov 7

Trade closed: stop reached

__
I will focus on the Altcoins.
I will take the loss and move on.

There is no reason for the market to crash now that Trump won.
WW3 has been cancelled, so maybe there won't be a correction.

Thanks a lot for your continued support.

Namaste.