🥇 BTC failed to close 4 hr candle above our SL. Selling pressure kicked in!

Closed at 20800

Trade is Still Active!

🥇 Bitcoin is currently trading at $21.4k, while the CME closed at $21.1k

Bitcoin will attempt to fill this gap when CME opens for trading on Monday.

We stopped out on last btc short with tight sl.
Once CME opens, we will enter our next position in bitcoin.

🥇 BTC Yearly candle chart is showing bear market end is near.

Cycles are repeating :

3 Year Green followed by 1 year Red.

Possible Scenario :

Bottom 2022 -> Retest in 2023 -> Parabolic Run Starts in 2023 End.

💰 Important Tweets from CZ this week :

1. Crypto is high risk (Nov 5)

2. Binance Selling all FTT tokens. (Nov 5)

3. India’s crypto taxes may ‘kill the industry, (Nov 4)

4, WAGMI! Bullish Tweet Quickly Deleted. (Nov 3)

Something is cooking ♨️

💰 FTX users are facing delay while withdrawing their funds.

Not your keys not your Crypto 🥇

"More than 90% of your Funds should be in your Cold Wallet."

Not recommended to hold funds on troubled exchanges.

👀 FTX is in deep trouble :

1. FTX's stablecoin reserve just reached a year-low. -93% in last two weeks!

2. FTX hourly withdrawals for ETH just hit an all-time high.

3. FTT token reserve across all exchanges reached an all-time high.

💰 Binance is selling half a billie worth of $FTT tokens due to claims "FTX was lobbying against other industry players in secret."

🚨🚨 Why is the G20 meeting one of the year's most important event?

On November 15, India's finance minister will be in charge of all G20 issues, and they are ready with a Crypto framework for all G20 countries.

In this year, the FM of India 🇮🇳:

- Put in place a flat 30% tax with no loss setoff.
- Imposed Every buy and sell order a 1% TDS transaction fee.
- Started CBDC last week and called Crypto citing risks to financial stability.
- She wants to stop crypto from growing and promote CBDC & centralised government blockchains.
- Already warned foreign exchanges that they should stop working with Indian customers.
- To get information about tax invaders they might order a ban or impose a worldwide crypto framework on foreign exchanges.

India has the most people who own crypto in the world. India's FM is definitely going to make things hard for India and the whole industry. 📉📉

Major cryptocurrency exchanges are worried about the G20 meeting, Also 💰 CZ tweeted about it day before yesterday: "India's cryptocurrency taxes may kill the industry."

💰 ETH SWING SHORT

Two Entries : 1585 - 1700

Target : 1400 - 1200

SL : 1840

🥇 Bitcoin rejected from mentioned reversal level. Took first swing short entry at $21.2k.

$19k level is magnet 🧲