I previously picked the top when MANY traders were saying it was going "to the moon". I also said that price would drop to 15-20K where we have a higher timeframe weekly demand zone at key support.
I have not changed my view this whole time, I am still bearish in the short term. If we break all time highs then I will dive back into longs however if that does not happen then understand I am still bearish and waiting at 15-20k.
This is the third bear market I have seen and so far they have all had the same hype going into the high, sure maybe on a different magnitude and maybe for different reasons but the psychology remains the same.
I also dont mind being wrong, this is my informed opinion after having traded for over 8 years and hopefully it saves some people a little stress.
Reasons for 15-20k are simple Psychology, parabolic moves NEVER last and demand zones are WAY lower. Check profile for free stuff etc.
Ninja
I have not changed my view this whole time, I am still bearish in the short term. If we break all time highs then I will dive back into longs however if that does not happen then understand I am still bearish and waiting at 15-20k.
This is the third bear market I have seen and so far they have all had the same hype going into the high, sure maybe on a different magnitude and maybe for different reasons but the psychology remains the same.
I also dont mind being wrong, this is my informed opinion after having traded for over 8 years and hopefully it saves some people a little stress.
Reasons for 15-20k are simple Psychology, parabolic moves NEVER last and demand zones are WAY lower. Check profile for free stuff etc.
Ninja
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.