$BTC Swing Long #3
I'm still holding my swing long from 82.5K...
Price has been hovering around the entry for the past two weeks, but nothing about the overall trade idea has changed. The goal remains the same: catch the next major leg to the upside. This can take time, and there's no reason to rush the process.
I still don't expect price to sweep 75K. That remains the consensus trade, with most waiting for lower prices before entering longs. However, some more LTF volatility to shake out longs and create doubt before the next move higher is definitely possible.
The goal was never to catch the exact bottom. It's to position for the next big move, and I remain convinced that the upside offers the greater opportunity from here.
In the rare event this trade gets invalidated, I'll look to re-enter another swing long around the invalidation level. Until then, nothing has changed. Patience.
🃏
I'm still holding my swing long from 82.5K...
Price has been hovering around the entry for the past two weeks, but nothing about the overall trade idea has changed. The goal remains the same: catch the next major leg to the upside. This can take time, and there's no reason to rush the process.
I still don't expect price to sweep 75K. That remains the consensus trade, with most waiting for lower prices before entering longs. However, some more LTF volatility to shake out longs and create doubt before the next move higher is definitely possible.
The goal was never to catch the exact bottom. It's to position for the next big move, and I remain convinced that the upside offers the greater opportunity from here.
In the rare event this trade gets invalidated, I'll look to re-enter another swing long around the invalidation level. Until then, nothing has changed. Patience.
🃏