$BTC $ETH The script is unchanged, with only minor adjustments to the details.
I took a few days off to clear my head. Today I’m driving back and getting ready to go back to work.
My view hasn’t changed: the old script still calls for one more leg down, but it won’t be a particularly deep drop. The target is still the level I mentioned before. The market’s been grinding away these past few days, repeatedly making fake moves to convince retail investors that this level is very strong and won’t fall, so they’ll buy in at the highs and take the other side.
The only slight adjustment is that I previously thought $BTC 87 would be the short-term top. Looking at the recent price action, there are a lot of shorts clustered around 88 and 89. If the market is going lower, it would be best to move up first and clear out some of those shorts, grabbing a bit of liquidity. That would make the move down relatively smoother. So I still think a 10% drop will come sooner or later. The only uncertainty is whether we fail repeatedly at 87 and then fall, or first take out 88 or 89 before dropping. So all I can say is: wait. In three words: wait patiently.
#BTC☀️ #ETH🔥🔥🔥🔥🔥🔥
I took a few days off to clear my head. Today I’m driving back and getting ready to go back to work.
My view hasn’t changed: the old script still calls for one more leg down, but it won’t be a particularly deep drop. The target is still the level I mentioned before. The market’s been grinding away these past few days, repeatedly making fake moves to convince retail investors that this level is very strong and won’t fall, so they’ll buy in at the highs and take the other side.
The only slight adjustment is that I previously thought $BTC 87 would be the short-term top. Looking at the recent price action, there are a lot of shorts clustered around 88 and 89. If the market is going lower, it would be best to move up first and clear out some of those shorts, grabbing a bit of liquidity. That would make the move down relatively smoother. So I still think a 10% drop will come sooner or later. The only uncertainty is whether we fail repeatedly at 87 and then fall, or first take out 88 or 89 before dropping. So all I can say is: wait. In three words: wait patiently.
#BTC☀️ #ETH🔥🔥🔥🔥🔥🔥