Suddenly everyone on CT is aiming for sub 50, sub 40, even 30s. The same people that were waiting for 104K at 97K, waiting for 90K+ at 82K, now lowering their targets... These people seem to not understand that for the first time during this bear market we have started forming lower lows instead of higher highs, which is bullish on the high time frame. at 81K and 60K we started bouncing, forming higher low after high low, building liquidity to the downside which would eventually fuel another leg lower.
What we are seeing now is the opposite, we start leaving liquidity to the upside, while forming lower lows and lower highs. Is there still more liquidity to the downside which I was targeting during this bear market? Yes, but it is not guaranteed that we will sweep it. If I had to guess, I would say that all evidence points to the fact that this bear market is almost over and that people waiting for these lower targets will get frontrun. Either the bottom is in already, or we will form one more lower low/capitulation dump, but it is for sure time to start getting bullish on BTC and crypto
@NellyTradez Yeah could see it for sure. Fomc longs, although it was a good long area. Last time those didn't get swept was like 8 months ago. Many bears who flipped bull aped into this last upside move. Pullback was bound to happen. Question is how low do we go
$BTC Scalp size short.
I am currently looking at these two scenarios. Honestly it would be more bullish on the high time frame to leave the high unswept. Regardless of what happens, many greedy longs below us that will be taken out sooner or later. In case I get stopped on this, I will be looking for swing shorts at new highs. Also sold 33% of my spot again looking to buy back lower
@cometcalls@lightt74 Sure, I'll let her know you didn't buy BTC at 60K while it was as undervalued as previous bear market bottoms and you had a few months time to do it
@UHDreviews@CryptoSavy1 I don't look at %chances pr what happened in the past. I trade PA and PA showed me that there was no reason to be bearish at sub 60K and no reason to think we see new lows now. That being said, we can easily get some pullbacks
Aged well again. Let's see if we keep ranging or pump this to the highs. Have taken 30% profit on my bottom snipe long as we reached the first liquidity target. 4/4 trades on $XRP and bought spot below 1$, sold at the high to buy back at the lows again. Perfection almostβ οΈ
As I mentioned before, I do not like the bottom that $BTC and $ETH formed. Most bullish scenario would be to sweep the lows again before higher. Cashed out majority of my bottom snipe longs, hedge shorted here with the good daily/4H close. We are ranging until we are not...
Aged well again. Let's see if we keep ranging or pump this to the highs. Have taken 30% profit on my bottom snipe long as we reached the first liquidity target. 4/4 trades on $XRP and bought spot below 1$, sold at the high to buy back at the lows again. Perfection almostβ οΈ