/biz/ - Business & Finance

If you are an aggressive bear and think we are for sure going to dump from here, I think this is a reasonable short setup you can take. Your trade thesis would be defined by the trend continuing to make lower highs into weekly resistance.

This idea would be likely invalidated if we either start trading back above 19300 and holding on a closing basis, and/or if price does not dump sharply immediately after you get filled. Most times, when bitcoin is ready to dump out of a range, it rejects pretty violently. I would not want to hang around in the short for more than a few hours if it does not immediately break in your favor.