Last downward update before the liquidation event.
Happy Monday traders!
Mondays never felt so good, well if you are shorting and not buying to moon boy posts.
So Just a quick update for the crash soon to hit, the 6H has broken VERY clearly and closed below the supports - if its not clear as day where price is going now then you are too late on the shorts.
I don't recommend shorting now as the risk/reward really favoured positions above 20k. Too close for comfort now IMO.
Wait for a long opportunity.
I have pointed out a couple clear technical difference of when we found a support vs price action now. Very bearish indeed.
the coming day will be wild, especially when the US markets open so look for that.
Also, price is very nearly approaching our initial TP area of 18.4-19.3k so one can consider taking capital/small profits shortly. CONGRATS! (shorts from 21.5k and above)
Goodluck,
Asset mastery.
Mondays never felt so good, well if you are shorting and not buying to moon boy posts.
So Just a quick update for the crash soon to hit, the 6H has broken VERY clearly and closed below the supports - if its not clear as day where price is going now then you are too late on the shorts.
I don't recommend shorting now as the risk/reward really favoured positions above 20k. Too close for comfort now IMO.
Wait for a long opportunity.
I have pointed out a couple clear technical difference of when we found a support vs price action now. Very bearish indeed.
the coming day will be wild, especially when the US markets open so look for that.
Also, price is very nearly approaching our initial TP area of 18.4-19.3k so one can consider taking capital/small profits shortly. CONGRATS! (shorts from 21.5k and above)
Goodluck,
Asset mastery.
Comment:
Still seeing lower lows, lower highs. Dont be fooled by small moves upward moves on the LTF. Next 6H candle is important however.
Comment:
Also the new low then slight push up (without touching the drop zone) is how MM shakeout short positions on the way down. It is not a sign of bullish action.
Comment:
Target low for liquidation event is 15.5k-16.8k absolute bottom for wick
Comment:
16k still on the way.
