What about a monday short liquidation event, 80k sell wall could be spoofed. I wouldn't swing short anything atm, the intraday short was from 7' am ECT to 7'pm
@BigLonny5822 I would not short here imo, 90% it swipes 80k by monday
Why would large players let retail get a perfect short instead of using them as liquidity
@damskotrades Good take in any market, i'd add that overall portfolio risk should be intentional. Don't risk more than you accept to loose. Elevator down could be as brutal as the upside so use SL's !
@XBTkaz I don't think we close the week below 76k, monday might sweep highs and then early next week we could see some kind of counter trend retracement, but i'd expect it to be slow and painful into early september.
September rate hikes could be the narrative for a dump
Upward liquidity being taken as shorts are covering,
I'd love to see some distribution before aiming at the lower cluster. Important to not pre-shoot this one as too many people are expecting this retracement, could also push mush higher while liquidating and taking 67k+
@bull_genius everyone calling for bull market , rsi at 70 , indicator hitting greed , long:short liq is at 12:1
whale/retail delta is deep red ( whales offloading into strengh )
i think we're here and the next dump ( probably some kind of blackswan ) will be painful