hardforky

BTC - $63 short incoming

Corto
hardforky Actualizado   
BITSTAMP:BTCUSD   Bitcoin
Looks like price is spiking to perfectly meet the point of the rising wedge and horizontal resistance. The ATH weekly finished on a Gravestone Doji so it would be fitting to break down out of highs on Halloween.

Final Target Entry $68,800
Initial Short TP $57k (10%)

- As planned, new long will act as hedge while the short is activated - laddered in to $63,800. The market can switch narrative on a dime so if $64k breaks this could pump hard so a short term hedge is best for me in these circumstances.
- TP timeframe is Wednesday. In-between now and then is unclear but expecting a small period for ALTs to run on Sunday and breakdown on Monday.

The most interesting part of the play is not the entry but the structure at the Target Price - right into the previously broken descending resistance! Psychologically this will be a bullish signal for many but it is but a trap. A monster to them but really an artist.

Just an Idea
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Best, Hard Forky

Comentarios:
Got there in the end - Short

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