Possible BTC Profit Opportunity
The reason why I call this the "profit opportunity" is that until it breaks 11,700 we are cautiously optimistic BUT not adding size on BTC. We are taking profits on swings and short term trades but we are not shorting only going LONG.
This area we are going down towards creates a "profit opportunity". Buying in the TPR Zone, creates a nice ROI on its way back up to 11,700. Of course we have to wait for a signal and confirmation.
Our internal version of BTC VIX is shrinking, the "fear gauge" has been decreasing even after the last bounce down from 11,700. If you recall, at the time I posted not to worry "the sky is not falling".
We will be patiently waiting for a signal and confirmation to the upside, IF it happens. BUT we will not be shorting.
This area we are going down towards creates a "profit opportunity". Buying in the TPR Zone, creates a nice ROI on its way back up to 11,700. Of course we have to wait for a signal and confirmation.
Our internal version of BTC VIX is shrinking, the "fear gauge" has been decreasing even after the last bounce down from 11,700. If you recall, at the time I posted not to worry "the sky is not falling".
We will be patiently waiting for a signal and confirmation to the upside, IF it happens. BUT we will not be shorting.
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