Possible Quick Flush and Bigger Bull Trap Now.

前天

I'd say we're now at the point where BTC bulls have the best chance of a low. We're filling a bullish butterfly and if all is well and good with the world this can moon.

However, the failure of a bullish butterfly in this situation is a strong foreteller of a crash. There are a variety of ways a 1.61 can fail here. The immediate fail one usually has us slam to the 2.20 and then make a spike out bull trap (that's really sharp and aggressive).

So if we see a flush to around 80, this is where I plan to lock in profits and potentially fish for some longs.

But if that move hits, I do firmly think it's a sell the rip.

前天

交易進行

Down it goes.

I think there's a bit more to go but were now into the risk area for bears. Bears should be aggressive profit protecting here I think.

No reason to enter until local candles break the lower high pattern.

前天

註釋

I;m fairly bullish at these levels - but I believe we just made an important break. A bit over 90K there will be more bear talk if we bounce.

前天

交易結束：目標達成

77K probably too low. Fair chance low is made.

Big sell the rip if it is though.

Out shorts.