It seems that when I said in my previous videos "no matter what we want, Bitcoin can technically shoot up to a million tomorrow because that's just crypto", Crypto heard and said, "yeah, we'll do that". Kidding, we're not at a million nor will we be today or tomorrow. And at some point it will reverse because we need more demand for a sustainable push to new ATH's (peep 2021-2023 as I mention in this video). But at what point? Not for us to say until we start to see signs of tapering.
Once we broke out and consolidated out of our strong selling channel, we were given the heads up to be careful with our shorts - and with a certain amount of levels broken (i.e.
88K) I closed most of my short positions. But I do still have a HTF target at lower levels.
most importantly, we don't dictate to the market when it goes where. It decides on it's own and we wait for signals utilizing the algorithms and volume to guide us.
This is a long video because I don't have the "answers" as to why BTC is up 10%! But I still urge everyone to stay patient and cautious, either long or short, because in all markets there is clearly something being prepared for.
Happy Trading :)
Once we broke out and consolidated out of our strong selling channel, we were given the heads up to be careful with our shorts - and with a certain amount of levels broken (i.e.
88K) I closed most of my short positions. But I do still have a HTF target at lower levels.most importantly, we don't dictate to the market when it goes where. It decides on it's own and we wait for signals utilizing the algorithms and volume to guide us.
This is a long video because I don't have the "answers" as to why BTC is up 10%! But I still urge everyone to stay patient and cautious, either long or short, because in all markets there is clearly something being prepared for.
Happy Trading :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.