It was fun while it lasted - follow-up

But sadly, everything eventually comes to an end.

Incuding this trade :)


--The previous post got taken down, so this is a re-upload :)--


This was indeed the best trade I have ever taken. Thank you guys for following along with me <3.

We are brutally oversold on the 4h timeframe. Bears think they have won. Not quite yet though.
I expect BTC to find a local bottom from anywhere between 36,5 - 37k.
We will then do an ABC correction to around 41,5-42k.

Many people will switch bullish on this move. It might even look impulsive. Don't let yourself be fooled.

Comment:

I think we are in the phase of finding a local bottom. Important levels have been hit. Selling 80% of my shorts here.

Comment:

Gonna wait for the US open. It might provide one final drop, or it might send us to the moon ;)

...or at least our upside target

Trade active:

we might not even get that final drop
70% this is the bottom

Comment:

Looks like that was indeed the bottom.

Keeping it simple for now - if we manage to hold the daily and break out of the descending channel, I this move shall continue.

Observations:
1HR is brutally overbought
If we zoom out, the trend starts to pour itself to the higher timeframes as well