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potomacapitol
Jun 22, 2018 5:52 PM

Short into Sentiment Washout -Mentally Prepare for Eventual Long Short

Bitcoin / DollarBitfinex

Description

Short into retest of prior high timeframe breakout (1175BTCUSD). Eviscerate hodlers, demoralize the flock, then rip every ounce of FOMO back out of the market once it loses belief.

Comment

The fade is in process. A look at likely support given prior breakouts is below. To reiterate, I see the support points as consolidation areas for the descent to 2ish k.

Comment

Took long enough.

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Now long btw

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Adding

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Adding

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hodling

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Adding

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adding

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adding

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adding

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hodling

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Preparing for cycle end repositioning
Comments
jgus
agreed, sentiment is a hell of a thing.
Bull2025
...have some sleep .
Jey_Jey_Secret

Maybe...
potomacapitol
@Jey_Jey_Secret, nice chart, thanks for sharing. It certainly explains the lower amplitude on the Dec17 push relative to prior major cycles.
HDL24
@potomacapitol Dude.. relax lol
potomacapitol
@HDL24, can't, I had coffee this morning :P
Alteroc
Damn you are a scary man to read 0_O
potomacapitol
@Alteroc, In my view, the sooner you learn that the market wants to eat your face, the sooner you can detach from the noise of 'now' and see the big picture. And it's in the big picture where life-changing things take place incharts. Think strategically and be at peace with the past. Anyhow, thanks for reading and good luck.
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