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BTCUSD / D1 : Now shorts are viable with this reverse signal

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BITSTAMP:BTCUSD   Bitcoin
Title says it all... In the previous analysis I explained that this was risky to remain bullish and that buyers should have profits secured and wait for corrective wave to build up in order to define an entry point to buy again later.
But the bitcoin kept going.. but the worst would be to buy it again too soon.. this bull break is not part of a bullish impulse, it's more like the first wave of an ABC flat correction. Too soon to tell if this will be an Extended Flat or a Regular flat correction. But at this point we now have a signal to not only exit longs entirely, but also to give a short entry as Sinewave is showing early Reverse signal... wich means that once the price will validate the bear cycle, this one will be a Reverse.. this cycles means stict exit of all long positions and short entry for agressiv traders.
I just shorted the BTC via CFD. My invalidation is detailed on chart.

Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
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IMPORTANT NOTE :
I just wanted to set things straight cause I see strange reactions on social medias about this idea !
1st : I'm not a perma-bear crypto trader who tries to sell the top for years... I have never sold cryps.. ever. Th'ats a first here.
2nd : I only see a corrective potential here and bare in mind that Running flat or Extended flat corrections are the most bullish corrective structures that a market can choose. So... Cryps are BULLISH yes, and they will still be in the future. So please don't use my idea to think cryptos will collapse and that we need to short long term. I don't think that. And I'll sure buy cryps again after that final corrective wave.
3rd : Selling correctives on a bull market cannot be done with leveraged positions. AND personnally I shorted leverage 0,25 to fit my money management to remain under 2,5% maximum loss on invalidation. SO here if the stoploss level is filled by the market I won't be ruined.. I'll lose faaaaar less than what I won during the bullish waves...

So please, don't be stupid... That's just a scenario, it can work, it can fail, I don't care... I don't see trading on a single shot neither should you ! And please remind that trading correctives are a way to make extra money yet still knowing that this is counter trendy and that you'll have to reverse once the scenario is terminated... SO YES I'LL BUY COINS AGAIN AFTER THAT WAVE !

Bests,
Phil
Giao dịch đang hoạt động:
Quick update via the intraday chart on 30m : I'm not yet taking the stop... that could be just an over extension.
Đóng lệnh: dừng lỗ:
What was supposed to be a weekly scenario is reaching stop Invalidation in 2 days ! Rarely seen that but apparently ultra bulls were right ! -3,4% on capital on this one. This is really crazy price action but can't stand it further.. trend is bullish, that was
counter trend to make a few more profits on cryps.. Unable to sell, can't buy ! So.. I'm out of cryps until I get some new signals !
BTW the early signal has now disapeared of course ;) I traded it by anticipation ;) Doesn't work all the time !

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