man oh man.
happy strawberry super full moon 🥂
let's talk about all this stuff.
🍓
You see this volume!?
indicative of some serious buying pressure;
we're nearing a significant bottom.
🍓
Open interest is still fairly high. I need it to come down a bit more before I can confidently say we've found a bottom.
leveraged longs are opening positions into todays move up;
fomoers will get stopped, shaken out, or liquidated.
Some nice long liquidations over these last few days - helps the bull case.
🍓
Short interest is very high, a short squeeze is due - but the question is when?
I personally wouldn't try timing a short squeeze, rather just get into a high probability trade setup and let nature take its course.
🍓
i am looking for 18k, but there's a chance we don't get it.
if we do get it though, i'll be all over it.
🍓
still rolling with the og double zig-zag for now, but my bias is subject to change if the new data shows me something different.
🍓
ps. it's possible that a bottom is in. will be monitoring the waves over the next few days to get a more conclusive read.
happy strawberry super full moon 🥂
let's talk about all this stuff.
🍓
indicative of some serious buying pressure;
we're nearing a significant bottom.
🍓
leveraged longs are opening positions into todays move up;
fomoers will get stopped, shaken out, or liquidated.
Some nice long liquidations over these last few days - helps the bull case.
🍓
Short interest is very high, a short squeeze is due - but the question is when?
I personally wouldn't try timing a short squeeze, rather just get into a high probability trade setup and let nature take its course.
🍓
i am looking for 18k, but there's a chance we don't get it.
if we do get it though, i'll be all over it.
🍓
still rolling with the og double zig-zag for now, but my bias is subject to change if the new data shows me something different.
🍓
ps. it's possible that a bottom is in. will be monitoring the waves over the next few days to get a more conclusive read.