Bearish on the technicals, bullish on the sentiment
Yesterday I went short for the last time at 69600 and also stopped out at 71288.
Right now I’m not taking any positions. For this market, I currently think that once Bitcoin breaks above 72000, it will turn bullish and we’ll see a pullback-up scenario. I don’t think it has that condition at the moment.
This rebound still has an endpoint, and there’s one more down move: the daily chart’s third buy on the rebound is at 67888. In the short term, a pullback to 70500-70888
Those are the levels it’s going to come down to.
Last month, the BTC range I called for was 71000-73000—eventually it did get there, unfortunately we didn’t get on board.
My subjectivity was too strong; I kept insisting on waiting for the 61555-61888 level.
In the end, I didn’t promptly reverse and open a long when it reached 62300-62500.
The facts are already in front of us—if there’s a mistake, you have to admit it.
I also know I have my own issues and I was a bit short on luck—no way around it.
Let’s observe for two more days and see if there are other opportunities吧$BTC
Yesterday I went short for the last time at 69600 and also stopped out at 71288.
Right now I’m not taking any positions. For this market, I currently think that once Bitcoin breaks above 72000, it will turn bullish and we’ll see a pullback-up scenario. I don’t think it has that condition at the moment.
This rebound still has an endpoint, and there’s one more down move: the daily chart’s third buy on the rebound is at 67888. In the short term, a pullback to 70500-70888
Those are the levels it’s going to come down to.
Last month, the BTC range I called for was 71000-73000—eventually it did get there, unfortunately we didn’t get on board.
My subjectivity was too strong; I kept insisting on waiting for the 61555-61888 level.
In the end, I didn’t promptly reverse and open a long when it reached 62300-62500.
The facts are already in front of us—if there’s a mistake, you have to admit it.
I also know I have my own issues and I was a bit short on luck—no way around it.
Let’s observe for two more days and see if there are other opportunities吧$BTC