BTC, which way do we go?

7월 2일

Haven't update my BTC idea for a while. I think this is a good time for a post to explain my view at current stage.

As a investor/trader, you always need a plan for 2 outcomes. Either the price follows your plan or not.

As I draw on the chart, in long term I am bullish, thats why my bias towards idea #1 and #2. We have more buy side liquidity above 71900 area and if price reaches there, it will fuel the rocket and go to 80k easily.

#2 will be taking out the sell side liquidity and trap the short seller and reverse.

#3 idea is my bearish case, if price close daily on the 56552 level, I will be looking for retracement and exit at least 50% my holdings.

Overall I strongly believe scenario #1 should be the case.

7월 5일

노트

Seems like #2 will be the case