Teflonwulfie

Bitcoin short to $3800 area

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COINBASE:BTCUSD   Bitcoin

Shorted 1.5 coins BTC/USD on FTMO at $42,081.05. Looking to pass the $200,000 swing trade account and this is my first trade. Looking for a break down of that level highlighted in blue with a move down to around $38,000 where the next large level of support seems to be. BTCUSD

On a seasonal basis, BTC tends to see poor returns in January, starting particularly on January 8th to January 28th. So I may be a little early and get stopped out -- but the price action seemed like a good bet right now for a breakdown. If I do get stopped out I may wait a few more days and try to get short again at a higher level.
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