BTC - AAAAAHHH I'm so bearish
I'm not getting why people get so bearish at two month value lows. Seems like the expectation here is that price has to go from up only straight to down only which is a rather silly thought imo.
Price ranges a vast majority of the time on all timeframes, I don't see why we should treat this any different.
You buy the discount, either in 3 week local value or in 2 month value; you sell when we fill the imbalance around 100k.
Yeh price CAN break up or down, deviate value, start trending in either direction etc, so good to have plans and zones mapped out for that.
In the chart:
- Tapped big range VAL and bounced
- Reclaimed local range VAL and straight to POC: expectation is VAL tap and rotation to VAH
- range lows untapped, could look for push into those with momentum loss (rsi div)
- Ignore the big wick, it's exchange specific and perp-only
- Mark 90k round number: take stops of the ultraplebs and reverse
Don't know what will happen, but there seem to be a lot of actionable setups. Just make plans and click at the right time when one of them plays out.
Price ranges a vast majority of the time on all timeframes, I don't see why we should treat this any different.
You buy the discount, either in 3 week local value or in 2 month value; you sell when we fill the imbalance around 100k.
Yeh price CAN break up or down, deviate value, start trending in either direction etc, so good to have plans and zones mapped out for that.
In the chart:
- Tapped big range VAL and bounced
- Reclaimed local range VAL and straight to POC: expectation is VAL tap and rotation to VAH
- range lows untapped, could look for push into those with momentum loss (rsi div)
- Ignore the big wick, it's exchange specific and perp-only
- Mark 90k round number: take stops of the ultraplebs and reverse
Don't know what will happen, but there seem to be a lot of actionable setups. Just make plans and click at the right time when one of them plays out.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.