Bitcoin
Short
Updated

Short into Sentiment Washout -Mentally Prepare for Eventual Long

299
Short into retest of prior high timeframe breakout ($1175BTCUSD). Eviscerate hodlers, demoralize the flock, then rip every ounce of FOMO back out of the market once it loses belief.
Note
The fade is in process. A look at likely support given prior breakouts is below. To reiterate, I see the support points as consolidation areas for the descent to $2ish k.

snapshot
Note
Took long enough.

snapshot
Note
Now long btw
Note
Adding
Note
Adding
Note
hodling
Note
Adding
Note
adding
Note
adding
Note
adding
Note
hodling
Note
Preparing for cycle end repositioning

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.