I am still bearish on BTC, close to flipping long, but this is why it is so dangerous. I am leaning on one last drop to take out the bulls, enviorements is still too bullish. Above 9500 is trend reversal to bull, but right here... short for me
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Well we dropped, posted right before it, trade is already in profit
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Closed previous entry early although didnt expect such a moce up. Opened short here at 9100
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Trandline rejected, full short at 9160
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BitMex funding -0.06... favouring shorts, pull the rug
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Stop at break even in case we scam pump again higher
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If you are bearish, this could be a great place to add to short or maybe open new, with a close stop
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Be caareful, we could do one more scam pump to trap longs and rekt bears... bearish under todays swing low. keep this in mind
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Well I was right about that pump. Opening a new short here, tight stop. Somwehere ower here we must top and retrace this entire move.
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Longs getting euphoric
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We will have a bull market really soon, but for now this is still a very real scenario
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More perspective
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This is going to hurt
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Now I know how ashdrake felt... we are too high, we should retrace at least to 8k. I am shorting this. We are close to a bull but not jet. BTC ejected a lot of bears. Alts want a rally, BTC wants a rally, people want a rally. Drop and then we can talk.
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Well target was hit... not happy about this. If you can you buy here this is THE dip, this was capitualtion
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Indeed this was bearish... took long enough
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This doesent look like recovery. We could have another drop to LL. Even under 3k to approx 2400. Dow is bearish and could drop to around 14800 which would be very bearish for BTC