Bry_Guy

Still Bearish on BTC

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BITMEX:XBTUSD.P   Bitcoin
The market structure continues to look abysmal for BTC with lower highs and lower lows on the higher time frames. I haven't placed a trade in months, but am looking to get in to a short position at 3438, which lies just above my noted daily breaker level, since I am anticipating a possible stop run against previous shorters which could drive the price up a bit first.

Position: Short
Entry: 3438
Target: 3346
Stop Loss: 3481


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