Expectations before full bull if BTC reached a top for now
Updated
Bitcoin has experienced a remarkable rally this year, rising to the much desired zone of 35-48k. However, there is now a growing possibility of a reversal, with expectations of a bottom forming again sometime in 2025. Despite the prevailing optimism in the air, especially with the anticipation of ETFs and other developments, this outlook is indeed somewhat contrarian.
Despite what current sentiment suggests, a potential correction with a drop to at least 15-20k before another bullish run after 35-48k is fulfilled, matches my original expectations.
Despite what current sentiment suggests, a potential correction with a drop to at least 15-20k before another bullish run after 35-48k is fulfilled, matches my original expectations.
Trade active
Update: Currently short from 45.6k.The party might be about to begin. Be wary if entering late now as it could retrace to 44k first before continuation down.
Trade closed manually
Several nice drops but we couldnt quite break those 40k lows. This trade has been terminated with a small profit. 46k Zone invalidated, eyeing at 48200-48600 next.Then nothing till 50700, do be cautious. My view point remains bearish and taking a cautious stance in these greedy times
Trade active
48k has been hit exactly and I have entered at the level, to hell it is. Target remains 15-20k.
Trade active
Trade still going, short from 48.8k still media.discordapp.net/attachments/988408955619389500/1195554711760289812/image.pngJuicy AF drop
Note
Partials taken and riding the restTrade closed manually
48k had a very nice dump to 38k, but it did end up getting flipped as support in the end. I have switched to many longs since then and they are all up massively and secured initial profits on all positions. Good traders know when to cut their losses, great traders know when to change directions.
media.discordapp.net/attachments/508673223433388042/1206897859165949972/image.png?ex=65ddae38&is=65cb3938&hm=03eaaf3f77761eb3e97d1ee84e64d57eb6be170c74ede5b2dcd70cffdf2df056&=&format=webp&quality=lossless&width=408&height=390
Note
Longs up massively haha
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