$BTC
Nice drop further. Below midrange, I get excited again. So just keep waiting while early longs get rinsed over and over again
Alright! Nice slide further down the slope on bitcoin. Making our plan to just wait before longing again age neatly in the context of our FOMC reversal we have been talking about ever since reaching 74.2k.
The lower it goes, the more satisfied we should be as it gets closer and closer to midrange.
I had some questions when I do go long again. So that's the level I want to see at least as it stands, it sits at 66.5k.
Any alternative would be a close above our key level of 76k we pointed out at the time, to go long as a backup in case we get front run completely.
Don't think that is happening however. Every time I mentioned an FOMC reversal in my post history, and every time we see over excitement into both positions and the leadup into it, which we did see, we get a decent countertrend such as we are seeing now.
I know you are all tired of me talking about the FOMC reversal, as if it's the only thing on the planet.
But it's key in this instance, especially given how frothy the market was into our 76k key level as well as afterwards when getting closer to FOMC.
Quite sad about the short we fumbled at 73.7k regarding execution. It even ended the win streak. A clear example of how analysis can be spot on but execution slipping can cost.
I apologize for that one, would have been great to book another win.
But my aim is always to keep you on track as soon as possible. Safe to say, completely holding off on longs ever since 74.2k (since the quoted post) despite my bullish bias, is as on track as it gets.
So, still waiting my turn as the drop develops further, still don't think it is over yet.
However, don't get it twisted thinking I am bearish. Because I am not. As I do look to get long again. Long stands for buying. And buying should only be done when you are bullish.
This range eventually resolves to the upside even if it takes a while to break out and above our 76k key level.
I'll be here to get you through that, until, we actually break out. But until then, it's just one of those times to be patient before we can time our long entry again.
@MANTRA_Chain@jp_mullin888 why liquidity for native $OM token so low on matrazone? Price of native $OM is trading at huge discount vs. $OM on eth / EVM network #MANTRA .Pls integrate native $OM with cex
@MANTRA_Chain@jp_mullin888 why liquidity for native $OM token so low on matrazone? Price of native $OM is trading at huge discount vs. $OM on eth / EVM network #MANTRA .Pls integrate native $OM with cex