My condolences to the short players😢
Without a drop of irony, I truly sympathize. As I have written many times, the market is very treacherous and tough.
There were a lot of premises for a technical correction, but they did not materialize.
I allowed for an upward squeeze to take out the short sellers, but I could not even imagine that the pump would be of this size.
Of course, such growth cannot be called organic. This is a harsh manipulation of the market, which bodes nothing good.
The inclined Fibonacci channel worked just perfectly at the 57k level.
I honestly waited for a correction to 49k and did not buy Bitcoin, trading only volatility through scalping.
I would like to reassure you and tell you that this was a false move and a trap for the bulls, but I will not deceive either myself or you.
A major buyer entered the market and will defend his position. Something very serious has to happen for the market to turn 180 degrees.
BUT, getting in at the peak of the pump now seems foolish. The whale has already made his move and now, like ripples on the water, small speculators will be locking in profits and buying more.
I am sure that in this hustle and bustle, the price will settle and reach the support level at 53k, that's where I will be entering.
Good luck to everyone ✌️
There were a lot of premises for a technical correction, but they did not materialize.
I allowed for an upward squeeze to take out the short sellers, but I could not even imagine that the pump would be of this size.
Of course, such growth cannot be called organic. This is a harsh manipulation of the market, which bodes nothing good.
The inclined Fibonacci channel worked just perfectly at the 57k level.
I honestly waited for a correction to 49k and did not buy Bitcoin, trading only volatility through scalping.
I would like to reassure you and tell you that this was a false move and a trap for the bulls, but I will not deceive either myself or you.
A major buyer entered the market and will defend his position. Something very serious has to happen for the market to turn 180 degrees.
BUT, getting in at the peak of the pump now seems foolish. The whale has already made his move and now, like ripples on the water, small speculators will be locking in profits and buying more.
I am sure that in this hustle and bustle, the price will settle and reach the support level at 53k, that's where I will be entering.
Good luck to everyone ✌️
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