BTC/USD Short Sell Opportunity (1:4 Risk to Reward)

Bitcoin definitely has the potential to break higher above 42K, but I believe now might not be the time. I'm suspecting a bounce off the current top and a retracement lower towards 35k. For those that watch Bitcoin on a regular basis, I wonder how frustrating it will feel if Bitcoin now drops down to 30k, while knowing there was a window of opportunity to book some profit at these levels.

For me to conclude my bearish thesis, I can ask myself one simple question: "would I buy at this price?"

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"Always prepare yourself for the unexpected turn."
Paul Forbes - Managing Partner @ LEFTURN Inc.