call me wild, but im going to roll my +1000% short into a 100x long at my red target.
this is something i don't usually do, but the market has given me this gift, and i am going to attempt to multiply it 😅.
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so in my morning post i targeted the red line on my chart via: i did not expect us to come down here so quickly, but that's the beauty of this market, gotta expect the unexpected.
if i'm right about this, 34.5k will be the bottom of wave 5 of Wave (1) of a higher degree, after which we should in theory see a 3 wave retracement into a larger wave (2) before further continuation to the downside. now it is very possible that we don't see this bounce, but instead see a full blown capitulatory event down into the crypto abyss (to around 24k would be my best guess) - so be ready for it if it was to happen!
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ps. stop is tighter than all of the longs who are panic selling right now.
You are wild man :-), hard to follow your flips and flops, for good though. Just following what the numbers are telling you.. good luck. Hope it get a bump and takes the alts with it. I have to get out of ADA before it see .30's-.40's.