$BTC Today we had the largest liquidation event ever recorded.
The fear wont go away easily. Also we failed to break past the trendline that was needed for confirmation to the upside.
I’m not a trader chasing clout by repeatedly calling tops to later claim, “I told you so.”
My approach is disciplined: I wait for confirmations and trade without emotion.
Today I got the confirmation that I needed. The downshift has taken place. We are flipping bearish on Weekly and Monthly.
Next, I expect $BTC to target the $85,000 - $90,000 range with the support being above 71k
$BTC next stop is sub 60k IMO.
Buy momentum is likely to exhaust soon and sellers will start regaining control.
Any remaining hopium for a recovery will start to fade quickly.
Buyers will start converting into sellers when they see the breakout is failing and this is their last chance to sell.
Triggering a capitulation move toward fresh lows.
$BTC everything played out as I had predicted🖊️
Currently we are sitting in a demand zone. I have closed all my shorts and entered into some longs targeting $85k next.
Also waiting for new setups to emerge. Stay tuned...
$BTC everything played out as I had predicted🖊️
Currently we are sitting in a demand zone. I have closed all my shorts and entered into some longs targeting $85k next.
Also waiting for new setups to emerge. Stay tuned...
$BTC Today we had the largest liquidation event ever recorded.
The fear wont go away easily. Also we failed to break past the trendline that was needed for confirmation to the upside.
I’m not a trader chasing clout by repeatedly calling tops to later claim, “I told you so.”
My approach is disciplined: I wait for confirmations and trade without emotion.
Today I got the confirmation that I needed. The downshift has taken place. We are flipping bearish on Weekly and Monthly.
Next, I expect $BTC to target the $85,000 - $90,000 range with the support being above 71k
I have entered into a long position on $XMR
It’s testing previous cycle ATH which should act as a major support.
$BTC will find a local bottom soon and this will run.
Target - 580 , 600