We talked about 40k for a while now, and that we didn't want BTC to go back this low.
Well we just have, BTC touched 41k and is now at 47k
To me this is a very bearish sign, confirming a bearish EW count.
For this reason, I'm now personally out of all my swing longs and will remain in swing shorts that we've had from 68.5k and 58.9k (we can still take scalp longs of course like the long off the weekly yesterday).
So I'm no longer bullish on the higher time frame.
I'll update you on my EW count later (later today or tomorrow) and why I believe it's the one that's more likely at this point.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Well we just have, BTC touched 41k and is now at 47k
To me this is a very bearish sign, confirming a bearish EW count.
For this reason, I'm now personally out of all my swing longs and will remain in swing shorts that we've had from 68.5k and 58.9k (we can still take scalp longs of course like the long off the weekly yesterday).
So I'm no longer bullish on the higher time frame.
I'll update you on my EW count later (later today or tomorrow) and why I believe it's the one that's more likely at this point.
Any questions?
Good luck traders
Remember not to break your rules
Habib
