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$btc countertrend shorts
Quick update: at worst would expect a sweep of this or overall bounce high.
If we just go up and accept above those highs, we imo head straight to our long target of 66k where I close the longs except runners, and this idea is wrong.
Reminder that it's a low conviction countertrend short, but one I wanted to take none the less.
So for now, still holding onto it.
Interesting bitcoin:native daily closes, three scenarios :
1. Daily close above mid, retest and pump to 85K.
2. Reject from Daily swing and slow bleeding to 49K
3. Reject at mid range and retest lows,
Internal structure is bullish, I would prefer 1st scene.
~ Prinz
$PYTH looks very promising today.
Nice reclaim of the range low and a nice impulsive move in the making.
If price manages to break structure, this could easily fly to the next resistance.
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$NEAR is stuck in a range here, and I think that we'll start to see a clear direction when Bitcoin moves.
If Bitcoin moves upwards = sign of strength for the entire markets = liquidity moves back into the assets which have shown strength prior to the entire correction of Bitcoin = $NEAR, $HYPE, $ZEC, $WLD, $ONDO will start to shine again.
I'm remaining fully allocated into this position as I assume we'll start to see a lot of momentum once the markets turn back upwards.