The BIG BTC Shakeout...Don't be fooled, BE PREPARED! FUN TIMES!
Longs getting rekt, then shorts will get rekt and most will get left behind.
Looking at
BTCUSD on the 3 DAY, because the big profit is in the broader moves.
When you throw a tennis ball hard at the ground, does it bounce higher than where you released it from?
-It's gonna come down even faster than it went up, and if buy orders aren't in place you'll be chasing an entry after the hard bounce.
-Violent move down just starting, longs getting liquidated and stop losses getting hit...still more pain to come.
-Think about how market movers leave the most people behind...destroy the hopes of 10k anytime soon, only to be above it after massive rally bounce after sweep below 6k. (HINT: LOADS OF LIQUIDITY BELOW 6K)
-This is the BIG SHAKEOUT.
6K will be broken just long enough to draw in all the bears and turn bulls to bears. Market will reverse and use all those shorts, which already outnumber the longs to rocket it's way back to 5 figures...
Close Below $5150 and I'd say this is a failed idea, but until then it's still bullish correction/shakeout.
What are your thoughts? Please share your ideas and let's discuss
Looking at
BTCUSD on the 3 DAY, because the big profit is in the broader moves.When you throw a tennis ball hard at the ground, does it bounce higher than where you released it from?
-It's gonna come down even faster than it went up, and if buy orders aren't in place you'll be chasing an entry after the hard bounce.
-Violent move down just starting, longs getting liquidated and stop losses getting hit...still more pain to come.
-Think about how market movers leave the most people behind...destroy the hopes of 10k anytime soon, only to be above it after massive rally bounce after sweep below 6k. (HINT: LOADS OF LIQUIDITY BELOW 6K)
-This is the BIG SHAKEOUT.
6K will be broken just long enough to draw in all the bears and turn bulls to bears. Market will reverse and use all those shorts, which already outnumber the longs to rocket it's way back to 5 figures...
Close Below $5150 and I'd say this is a failed idea, but until then it's still bullish correction/shakeout.
What are your thoughts? Please share your ideas and let's discuss
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