Bitcoin Short

Today the TOSOption Algorithm initiated a short position on the 30-minute timeframe in Bitcoin at around 55,700, accompanied by a TTM squeeze. After this short was initiated, you can see Bitcoin attempted to breakthrough the UTL. The UTL are the yellow plus signs, which is a unique moving average value that induces a strong reaction. You can see it get rejected from the UTL twice, then proceeded to fall as much as over 4000 points along with the squeeze firing short. The algorithm is still in a sell short position, and is now consolidating in a darvas box, with the 8 day moving average attempting to cross under the 21 day moving average, implying more downside could be ahead.