i talked about this scenario not too long ago via:
this remains my #1 primary scenario, and it would take a lot to change my dominant perspective on the current market structure.
----
whale longs continue to capitulate their positions, knowing what is to come.
smart money left the market in the 50k region, and has yet to return.
volume is terrible, and price has stalled out yet again after a pretty nice short liquidation the other day.
remember the 6th of october,
this will be the day bitcorn pivots to the downside yet again.
until the market can prove my theory otherwise, i will continue to short every single bounce, and stick to the original plan.
my larger wave 4 target sits between 21~22k,
and my long orders remain open until they are hit.
----
Ps. i'm going to be away for some time, have some personal matters to take care of. consider this my last post until i can return.
✌
this remains my #1 primary scenario, and it would take a lot to change my dominant perspective on the current market structure.
----
whale longs continue to capitulate their positions, knowing what is to come.
smart money left the market in the 50k region, and has yet to return.
volume is terrible, and price has stalled out yet again after a pretty nice short liquidation the other day.
remember the 6th of october,
this will be the day bitcorn pivots to the downside yet again.
until the market can prove my theory otherwise, i will continue to short every single bounce, and stick to the original plan.
my larger wave 4 target sits between 21~22k,
and my long orders remain open until they are hit.
----
Ps. i'm going to be away for some time, have some personal matters to take care of. consider this my last post until i can return.
✌
İşlem aktif:
🔨🔨🔨🔨🔨🔨🔨🔨🔨🔨🔨
İşlem kapandı: durdurma seviyesi:
bulls win 🎆
Yorum:
keep an eye out on this massive rising wedge. it might be nothing, but still worth watching, just in case.
