BTCUSD - Greedy Bears be cautious or get turned into Fur Coats
Introduction to Deception 101 - Sun Tzu
The Art of War dictates that "Hold out baits to entice the enemy. Feign disorder, and crush him."
What I'm trying to convey is that last minute bears might be walking into a trap laid down by market movers.
Whales are ready to create a small short squeeze of $400-$500 which should be enough to take out anyone with 10 times leverage or more.
Why you ask? Well why not? If you or I were a whale would we not want to crush our enemies? Of course we would.
Trading is no different than warfare. There are victors and there are losers.
Sun Tzu emphasised that all warfare is based on deception.
So now what do we do? Well I'm not saying don't short a bear market. I'm saying be very cautious. Use market stops and trailing stops to protect open profits. Don't short it below 6k. Take profits at around the strong support lines and then wait on the sidelines for a better entry point.
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”
Our enemies, the whales and the market movers are united. Whereas us retail traders are far divided. Since we are at a position of weakness, the only solution is to stand behind the shields laid down by these whales and wait for the moment to strike.
I'll update this idea once we start moving.
Godspeed
_________________________________________________________________________________________________________________________
I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
The Art of War dictates that "Hold out baits to entice the enemy. Feign disorder, and crush him."
What I'm trying to convey is that last minute bears might be walking into a trap laid down by market movers.
- As per Elliot Wave Analysis, we have a final wave down remaining.
- The ratio of BTCUSDLONGS and BTCUSDSHORTS is reaching some treacherous territories.
- Most of the shorts that are lining up have been opened at 6100-6300 ranges.
- RSI is extremely low on higher timeframes but volume supports that Bears are still in control.
Whales are ready to create a small short squeeze of $400-$500 which should be enough to take out anyone with 10 times leverage or more.
Why you ask? Well why not? If you or I were a whale would we not want to crush our enemies? Of course we would.
Trading is no different than warfare. There are victors and there are losers.
Sun Tzu emphasised that all warfare is based on deception.
So now what do we do? Well I'm not saying don't short a bear market. I'm saying be very cautious. Use market stops and trailing stops to protect open profits. Don't short it below 6k. Take profits at around the strong support lines and then wait on the sidelines for a better entry point.
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”
Our enemies, the whales and the market movers are united. Whereas us retail traders are far divided. Since we are at a position of weakness, the only solution is to stand behind the shields laid down by these whales and wait for the moment to strike.
I'll update this idea once we start moving.
Godspeed
_________________________________________________________________________________________________________________________
I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
Comment:
That was awfully fast
Trade closed: target reached:
I've published a new chart
