Yesterday we saw the #BTC ir move quickly to $87.2K and liquidate a very large amount of Bulls. However, we couldn’t sustain such high prices.
The rise was fast and the drop was too, causing a sweep of the late LONGs and almost completely clearing the recently opened LONGs, since many closed their positions even before we reached them, assuming we’d go lower.
Every time we pull back, the calls for $70K start showing up again kkkkk. Having price at $70K would be a gift. In any case, despite having some liquidation clusters below the current price, the biggest interest is in what’s above $85.3K. Taking that liquidity will give us room to go higher and cool things down a bit.
The Bulls will start defending $80K as the new higher support, and as long as we can do that, things are getting pretty interesting.
While we’re oscillating between $80K and $85K, take the opportunity to position yourself in good altcoins. They should perform well as soon as we’re above $85K. Some already are doing well.
This move from $58K to $85K is the most hated, since the overwhelming majority got left out. That’s why many keep calling for much lower. It’s not that they have a real basis for it—it’s just DESIRE. But we know the market doesn’t care about what YOU want.
Don’t wait for prices that may never come.
The rise was fast and the drop was too, causing a sweep of the late LONGs and almost completely clearing the recently opened LONGs, since many closed their positions even before we reached them, assuming we’d go lower.
Every time we pull back, the calls for $70K start showing up again kkkkk. Having price at $70K would be a gift. In any case, despite having some liquidation clusters below the current price, the biggest interest is in what’s above $85.3K. Taking that liquidity will give us room to go higher and cool things down a bit.
The Bulls will start defending $80K as the new higher support, and as long as we can do that, things are getting pretty interesting.
While we’re oscillating between $80K and $85K, take the opportunity to position yourself in good altcoins. They should perform well as soon as we’re above $85K. Some already are doing well.
This move from $58K to $85K is the most hated, since the overwhelming majority got left out. That’s why many keep calling for much lower. It’s not that they have a real basis for it—it’s just DESIRE. But we know the market doesn’t care about what YOU want.
Don’t wait for prices that may never come.
