BTC and PEPE longs are finally moving. Congrats to those that got into the trade!
My mid-term bearish thesis is still valid, but if you're playing the leverage game now's not the time to be short. I’ll be paying close attention to the $DXY and our proprietary Sentiment and Liquidity Theory Model to determine TP Zones. For those less experienced, feel free to slowly take profit all the way up, no one ever cried about making money.
In a turbo STF Bullish Scenario we could see BTC touch $69k, however, $67k might be more reasonable to take substantial risk off the table.
This will likely be the last bastion of bullish hope before we turbo nuke below the $60k range for BTC. No matter what though, remember to stay agile. Never marry yourself to one thesis or the other. Assign probabilities and act accordingly. (i.e. BTC breaks above $72k sustained could delay mid-term bearish thesis.)
We’re here to make money, not prove anyone right or wrong. Study money > ego.
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Small Account Update and Trades (BTC and Pepe Longs)
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BTC and PEPE longs are finally moving. Congrats to those that got into the trade!
My mid-term bearish thesis is still valid, but if you're playing the leverage game now's not the time to be short. I’ll be paying close attention to the $DXY and our proprietary Sentiment and Liquidity Theory Model to determine TP Zones. For those less experienced, feel free to slowly take profit all the way up, no one ever cried about making money.
In a turbo STF Bullish Scenario we could see BTC touch $69k, however, $67k might be more reasonable to take substantial risk off the table.
This will likely be the last bastion of bullish hope before we turbo nuke below the $60k range for BTC. No matter what though, remember to stay agile. Never marry yourself to one thesis or the other. Assign probabilities and act accordingly. (i.e. BTC breaks above $72k sustained could delay mid-term bearish thesis.)
We’re here to make money, not prove anyone right or wrong. Study money > ego.
PJ
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