Cryptocurrency

I Closed my Bitcoin short trade and took profit! No, I'm not Bipolar!



In last video I told you I was expecting a bitcoin drop, I also gave your support levels to catch a bounce. We hit that support level to the dollar and bitcoin price started pumping. I think we could have some upside from here that’s what I took profit. Do not get me wrong bitcoin could continue dropping from here but I do not think we will drop that much more. I think market makers will send the price up one last time as the final bull trap to stack longs before the bitcoin crash begins. These charts are for key support and resistance levels to know when to long and when to short. If you are trading with futures or using leverage to swing trade bitcoin, these charts are must for finding the prefect entry point for a pump or drop. I use Bitget because they are registered in the US so it’s legal with them.. no need for VPN to mask your IP address. My 2022 bitcoin prediction is the same, I believe we have entered a bear market and the bitcoin bottom is not in. The bull run is over and soon bitcoin will start crashing.

Website to access these live charts: https://opticalartcrypto.com/
BitGet affiliate link: https://partner.bitget.com/bg/Eruaqa

Exact timeframe when Bitcoin will breakout! 20% drop incoming! https://youtu.be/jyeJXHV-xTk

Simulated Bitcoin & ETH leverage trading Bitget Tutorial https://youtu.be/xwEAPJo4zCQ

#bitcoin #bullmarket #bitcoinpriceanalysis

This is not financial advice! these are only my views and opinions of where I think the market may be headed. Crypto Currency is a very risky asset, always do your own research before ever considering investing or making a trade.

38 Comments

  7. Chris Sinclair

    Taking profit on a trade is never bipolar don't sweat it. I saw that it had support too. I got out at 45612. If It goes lower I don't care I made my money for the day. Also the quarter is ending today at 8pm EST, better not to risk it. After a quarter ends that's when allocations are made. There a very good chance you may see bitcoin pop back up a K or two. If it was in the middle of the month, or not on a quarter end. Different story. Dicey area to ride it too far. Even if you were riding it down, I still would have got out as soon as it found support. If it goes lower great, I just look for another entry either long or short, I don't care. Up, down, to the left :-). It's all good. And Steve is totally right for God's sake don't use 125x leverage on anything unless it's for a joke for $1. Hell I wouldn't even use 20x leverage even if Steve, Dion Warwick and her psychic friends, Krown, Psychic Cleo, your Mom and George Soros himself says it's a sure thing. DON'T OVERLEVERAGE. I use 5x, yes only 5x leverage and am doing fine with stops.

  11. Mike Bukovsky

    dxy up, sp500 down, may that correlate with ur line? most ytbers talked about correction at 48 to 45 beofre move up. can ur circles work as support instead of resistance? fomo comes to market, some call this drop a bear trap

  22. Andres

    Smart move on closing the short I closed mine aswell how much did you make did you end up using the 50x ? I used 20x had a stop loss set at 10% loss

  38. Rady Marshal

    <I appreciate you and your content, Technical Analysis is good but I find It truly confounding that major crypto youtubers just look mostly at pure T.A. and completely ignore the bigger narrative of why BTC pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC but recently seeing nice upside move. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I've been day trading crypto for 2 months with David Mayor daily signals and insights and was able to make 17 BTC as profit from my initial 8 BTC…

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