BTCUSD | SHORT | Areas of interest

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Trend: Bearish
Retail Sentiment: Long, with an increase in Bifinex long positions

The bounce on the 19th of May was a hit at 50% off the all-time high. Shorts are slowly increasing as we move stronger into the bearish trend. Expect a retrace before continuing on the bearish trend

This market will move fast down into the buy-side imbalance areas which are not as aggressive until we get closer to $20,000 👨🏾‍💻

Currently, I am bearish on Bitcoin, where I will be focused on the sell-side (red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. buy-side areas are great for exits 🕵🏾‍♂️

Happy Trading

Regards
LBM

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ملاحظة

You were warned about the Sell-side imbalance area 🤷🏾‍♂️

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ملاحظة

Sending out an update of my areas soon....check my Tradingview profile every day for new content