Bitcoin LIVE Trading - Broke To Rich Challenge DAY 13

On Bitcoin

Guest Chento · not counted as Crypto Banter's view.

Views

• Next days (next 1–7 days): Leans down (timeframe is our reading): So, I would say we're primed for more downtime. ▶ 37:09
• Next weeks (next 2–6 weeks): Expects down (timeframe is our reading): It's a swing trade and I'm risking 500K on that trade on a 2.4 2.5 million account. ▶ 15:24
• This cycle (next 6–18 months): Leans down (timeframe is our reading): I think this is the last leg up before the absolute bare bottom. ▶ 02:44

If this, then that

• If If price deviates above 80K, the short thesis is re-evaluated, then no target given (next weeks): If we deviate above 80K, then then we rewatch. ▶ 02:48
• If Price capitulating below 744 triggers pressure and a liquidation cascade, then no target given (next days): Pressure starts as soon as it starts capitulating below 744. ▶ 31:12

Levels named

• 80k: Their view is wrong past this (soft stop loss for the short): right now, I'm still building my short and I'm going to have a soft stop loss at 80K. ▶ 14:13
• 74k: Support (accelerated EMA retest): I would love to see a retest of 74K and even more important 73.1K comes the second accelerated EMA. ▶ 10:39
• 73.1k: Support (second accelerated EMA): I would love to see a retest of 74K and even more important 73.1K comes the second accelerated EMA. ▶ 10:39
• 57k: Target (downside target for the short trade): Listen, at 579 I posted publicly, let's short this boni back to 57K. ▶ 39:18

Their own position: Short, with leverage. So, I'm building my short. It's a large position. I'm building all the way up to 80K.