Bearish Wedge Plays Out Nicely! Here's what they won't tell you!
WOOOOAAAH! What a time in crypto. As I have lined out here the bearish wedge played out nicely and what a good time it is to be short. Market sentiment was rather bullish and as expected a correction was due. What kills me is the moon fans that seem to never learn but instead follow their favorite YT personality. The 2 scenarios I saw a lot on here was we are going to the moon or I'm shorting at 6k.
Yet, when traders seem to have the same idea the opposite occurs. With so many traders waiting for BTC to reach 6k to short, the market proves it's time to start shorting now.Being stopped out several times during this uptrend it was the smarter move to keep entering short positions. The problem with new traders is first they're long then they're short what no clear direction of which way this market may turn. the typical mindset is I see A GOLDEN CROSS and now it's TIME TO BUY. After seeing this huge mega candle we shall see where the market takes us before entering into a trade.
Take care and trade responsibly.
- Meta
Yet, when traders seem to have the same idea the opposite occurs. With so many traders waiting for BTC to reach 6k to short, the market proves it's time to start shorting now.Being stopped out several times during this uptrend it was the smarter move to keep entering short positions. The problem with new traders is first they're long then they're short what no clear direction of which way this market may turn. the typical mindset is I see A GOLDEN CROSS and now it's TIME TO BUY. After seeing this huge mega candle we shall see where the market takes us before entering into a trade.
Take care and trade responsibly.
- Meta