This is all on the chart, welcoming feedback (especially from Bulls, lets go)
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Hello all, it's been awhile. Wanted to short 19k but procrastinated. Short from $17k
Facts:
1) We went from 11k btc short finex to 5k btc (datamish). There are now less shorts closing to use a fuel.
2) We rejected from ATH, pretty hard as expected.
Scenarios in order of likely hood:
1. Shortterm Bearish: $15.9k before $18k. Then 14k
2. Totally wrecked: Down to ~$14.5k (50ma daily) from here, bounce $2-3k. Next good support will be ~$12k (200ma daily).
3. Just bullish enough to wreck shorts: back to $19k, reject, double top confirmed. Fall to $14k extremely quickly.
4. Dumb Bullish: I'm 100F% wrong. Blast past $20k from here with no shorts as fuel. BTC to $50k.
This is comically ahead of time, but 10k and 7k are massive buy zones (Weekly MA's and Volume profile and this is the chart I'll be using the upcoming months.
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Hello all, it's been awhile. Wanted to short 19k but procrastinated. Short from $17k
Facts:
1) We went from 11k btc short finex to 5k btc (datamish). There are now less shorts closing to use a fuel.
2) We rejected from ATH, pretty hard as expected.
Scenarios in order of likely hood:
1. Shortterm Bearish: $15.9k before $18k. Then 14k
2. Totally wrecked: Down to ~$14.5k (50ma daily) from here, bounce $2-3k. Next good support will be ~$12k (200ma daily).
3. Just bullish enough to wreck shorts: back to $19k, reject, double top confirmed. Fall to $14k extremely quickly.
4. Dumb Bullish: I'm 100F% wrong. Blast past $20k from here with no shorts as fuel. BTC to $50k.
This is comically ahead of time, but 10k and 7k are massive buy zones (Weekly MA's and Volume profile and this is the chart I'll be using the upcoming months.