BTC - Locally bullish since everyone is scared to buy

17 May 2022

I like Fear and Greed index a lot, since at it's highest and lowest points reversals happen. When we were at 60k index was 90.
Now, when we dropped more than 50% index is 8.

That's a good indication that a lot of people capitulated and shorting the market. What a better time could be for marketmaker to go long and liquidate all the folks?

I expect breakout of this triangle and will take longs when it will happen.


⭐️ Panic is everywhere
⭐️ We are in the end of formation
⭐️ 3rd touch
⭐️ Had a trap
⭐️ Volume at bottom
⭐️ Over VWAP
⭐️ 40 ATR


Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.


Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum

What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones