ANY Bottom wont the "The Bottom" until it is tested.
from my previous observations it seems to me that it would be very good idea to help crypto with re-testing major bottom.
but be aware of manipulated liquidity grabs on the way. after all it is crypto. they will try to take your position before you profit.
dont trust your exchange, no gentlemans here. just thiefs and greedy centralised exchanges.
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Scenario is in play. SEC is locked on this as well
I love the fact it is not popular just yet.
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so far so good.
first short trades closed at profit. rinse and repeat according with individual strategy and trading style.
major pullback will be in play shor term due to macro/geopolitics/new covid drama + profit taking on eth - natural / and 'buy the top' retail diarrhea :)))
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bias remains to the downside unless CPI this week will give them excuse for a rally but there is CPI reading ahead. there might be volatility ahead and fuel for one more push to the upside.
patience is the key. it will go down.
how low is the ONLY REAL question.
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This is it.
Part two.
Press play:
Support -> to resistance -> retest -> big boys show their cards
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Please take precautions when shorting. Dont be a victim to liquidation algos !
Dont use crazy leverage, dont feeed crypto parasites!
They will play against you if you let them. Dont try to get rich fast. Its a Grind.
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part two.
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wash trading won't stop the macro. but sure they can fk the retail traders up (if you use too big leverage !!! )
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Expected capitulation form the lows.
But we got short squeeze instead.
part of short selling.
some got stopped, some liquidated, some switch from shorts to longs.
Dive.