Hey traders!!
Couple days ago I posted my idea of bitcoin re-testing $8600-8400 zone before heading towards 12k.
I'm changing my mind for the time being.. I'll share bunch of thoughts that are going through my mind right now..
What if market wants "orange box shorts" to suffer and liquidate more people?
What if we are going after traders who opened shorts in 11-12k region and didn't close their positions expecting for $6000?
Do you think it's a coinsidence that we didn't fill that gap at 8700-8800$ on cme futures?
What do you think about cme futures gap at 11800$? :)
Do you know that counter-trend price action is RAPID so that most of the people could be taken by surprise?? ((Look how long it took us to get from 10k to 7.5k and vice versa.. )
I can go on and on, you get the idea..
Right now I'm looking to open longs in @$9000-$9250 region with TP @$11900-$12100
Sell loss could be placed below $8940. Do not over-leverage!.. Expect high volatility.
Keep in mind.. If we're to jump towards that level soon, it will be very rapid price action..
This is not a financial advise.. Let me know what you think! Have a great weekend ahead! :)
Couple days ago I posted my idea of bitcoin re-testing $8600-8400 zone before heading towards 12k.
I'm changing my mind for the time being.. I'll share bunch of thoughts that are going through my mind right now..
What if market wants "orange box shorts" to suffer and liquidate more people?
What if we are going after traders who opened shorts in 11-12k region and didn't close their positions expecting for $6000?
Do you think it's a coinsidence that we didn't fill that gap at 8700-8800$ on cme futures?
What do you think about cme futures gap at 11800$? :)
Do you know that counter-trend price action is RAPID so that most of the people could be taken by surprise?? ((Look how long it took us to get from 10k to 7.5k and vice versa.. )
I can go on and on, you get the idea..
Right now I'm looking to open longs in @$9000-$9250 region with TP @$11900-$12100
Sell loss could be placed below $8940. Do not over-leverage!.. Expect high volatility.
Keep in mind.. If we're to jump towards that level soon, it will be very rapid price action..
This is not a financial advise.. Let me know what you think! Have a great weekend ahead! :)
