If you extrapolate 65k to the baseline it's roughly 53 %. This will take us down to 14k. I could be wrong and this is only a sideways action before the elevator down, but I'm not a fan of trading setups that look too easy. Imo they're making it look boring and not exciting on purpose so the bears get too relaxed and then surprise them with some kind of scamwick or in my case creating a right shoulder.
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Now that bears became brave again I see this scenario even more legit.
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Patience over 9000. Waiting for unexpected gay pump to short it.
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Since its taking forever for right shoulder to form I don't believe in it anymore. Probably just a typical scam pump before hammering it way lower.
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My 2nd warning. Get out while you still can. Price may hit 40k from here, maybe even 43k in a couple of days, but it's not a guarantee. Downside from here is horrifying.
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If you zoom out now it kinda looks like mediocre head and shoulders. Funny shit
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I still believe 42k is possible from here.
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38k didn't excite me one bit. PASS
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Expecting another attempt but this time going above 40k. Bears are getting cocky with their shorts.
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Suddenly everyone is a TA expert. At 60k they were saying the trend is still bullish, its too risky to short it. But now at 35k basically shorting the support it's okay.
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I love how bears are convincing themselves how this cannot break above 40k again. More I'm reading their comments more I'm sure it's going to happen.
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Looks like 40k is coming sooner than I thought.
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700 $ away from it. Is it gonna come?
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opened a small short position at 39k and will be DCAing on the way up
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40k got hit. I'll stop shorting at 43k since I'm still long term bearish on Bitcoin and I don't see it break above 45k. Just 40k alone was brutal enough for the bears so no need to go above 45k. Of course anything can happen in this shitty market, I'm just using some common sense.
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I love how now everyone are telling me "be careful" it can go to much higher targets. The same ppl that were bearish in that stupid flag and at 60k.