We are following the plan perfectly at #BTC , attacking the $88K region. A little higher up and we can cool off a bit before the next run up.
A pullback to the orange region of the chart is still likely, but the more SHORTs that enter these levels, the higher we will go. Naturally, this reduces the probability of price returning to that area of the orange range.
The BEARS do not seem ready to give up. Despite big profiles starting to change their theses and projecting a continuation of the uptrend, they still OPEN Shorts in an attempt to capture a bigger pullback—feeding even more LONGs here and, obviously, getting completely negative right after.
If you are trading with leverage and SELLING short, stop. Wait a few days and, probably, the market will give one last opportunity for a good LONG at safer levels. Don’t trade out of spite. As I said at $58K:
"The market doesn’t care about your feelings."
Leverage trading on LONG could be one of the most profitable trades you’ll make from the retest levels that are coming. So stop being an arrogant BEAR.
Good luck!
A pullback to the orange region of the chart is still likely, but the more SHORTs that enter these levels, the higher we will go. Naturally, this reduces the probability of price returning to that area of the orange range.
The BEARS do not seem ready to give up. Despite big profiles starting to change their theses and projecting a continuation of the uptrend, they still OPEN Shorts in an attempt to capture a bigger pullback—feeding even more LONGs here and, obviously, getting completely negative right after.
If you are trading with leverage and SELLING short, stop. Wait a few days and, probably, the market will give one last opportunity for a good LONG at safer levels. Don’t trade out of spite. As I said at $58K:
"The market doesn’t care about your feelings."
Leverage trading on LONG could be one of the most profitable trades you’ll make from the retest levels that are coming. So stop being an arrogant BEAR.
Good luck!
