Yes, the Short term doesn't look good at the moment within the Daily TF's and lower. However, the 2-Day TF tells us we still have an opportunity for one more push up after this current episode of downward pressure.
6h TF:
2-Day TF: If you watched the video, you understand WHY the Red Circles are on the indicators in the chart.
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Here's the 2-Day TF once again, BUT I drew lines inside the indicators to show the POSSIBLE future trek of those lines inside Godmode, Phoenix ARI/Stochastic RSI.
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Point out something that I "RECOMMENDED" in my BNBUSDT publication...
I recommended in BNBUSDT to at least take SOME profits. It's your choice... whether it's 25%, 50%, 75%, etc... Totally up to you... It's YOUR money. Then if it turns up like I've mentioned in THIS publication you can choose to get back in with a percentage of what you already took out of the market. I would not recommend getting back in with 100% of what you may have just taken out and put into FIAT.
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If you have watched this video publication, you have seen where I pointed out the potential for a bounce back up in the 12h TF (below). There's no shame in getting out 1005 in full now. Maybe only take out a decent percentage to lock in profits. It's totally up to you.
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Read the two text bubbles:
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4-Day TF:
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Can't remember if I mentioned "considering" protecting profits gained thus far or not in this video publication. I don't think I did. I know I did in BNBUSDT, NEOUSDT and LTCUSDT publications posted today. I want everyone to CONSIDER whatever percentage they wish to take profits on and/or continue holding to POSSIBLE higher highs before we reach exhaustion. Everyone got in a different price and therefore have different circumstances.
I still believe we're going up one more push before reaching exhaustion but I prefer everyone else make their own decision in that regard because it's YOUR money.
If you do end up exercising a plan for keeping gains large and losses small, please share what you may have done that others may learn from your experience.
Thanks in advance.
; )
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2-Day and 3-Day side by side: Still expecting one more push up to entice margin longs in order to liquidate margin longs the same way bears were set up to liquidate margin shorts on the way up.
After listening to your analysis, I'm surprised you don't take some profit now just in the case that BTC doesn't make that "second" push up that right now is debatable as per the chart technicals. I'll be curious to see if we do make that second push- sentiment remains bullish, but the technicals have pushed me out. I'm on sidelines now but am definitely looking for re-entry. As always thanks for your insight PC. Also, where can I grab that Godmode oscillator my man?
Yes, I certainly agree... I already recommended followers involved with BNB to take profits incase it does not continue up. In fact, I'l go ahead and recommend the same here.