eddyfursy

BTCUSD Short I do see the buys having trouble to perform from price behaviour (showing lack of desperation, enthusiasm and #fading from the buyers). And so I am reversing my previous long position (booked at break *check last post update*) for a short because I am suspecting they might want to grab it at a lower price before aiming for a higher one Just like they did last time.

BTCUSD Long Trying to pick up #bitcoin buys at the bottom of potential multidays range after sell side liquidity is showing some interest right at the most recent daily consolidation(accumulation) level; aiming for brand New highs.

Buyers got their better price. A continuation move is expected. The market psychology is still in denial phase while the longs accumulated are unfolding without precedents.I am not willing to wait and see whether my stop loss Will be triggered or the buyers Will finaly step in. I can clearly see the longs have a tough time. The sells might Still be on. Im out :)

Shorting Bitcoin for the second time after stop loss got hit . I understood there wasn't enough liquidity on the sell side so they(smart money) inflated price to spike most position going in the same direction as them. Now 24777 look like a pretty solid anchor after sellers showed interest giving more potential to the downside. 18k ish here we come.

Are we once again at a point where everyone's hope for a bullish reversal has grown to a certain maturity. The more emotions involved into a move, the more decisions people take. But most people are not good at taking decisions; that's why they are followers. And followers are the late comers. They pay the highest/lower price before liquidation. Don't be liquidity, don't be late. 📉I entered too early. My timing wasn't fine tuned. I try to adjust my entry on the next idea💡

Once again buyers liquidity seem to be fading in an overall bearish momentum. Bitcoin is heavily bought by people who consider the price above 30k as hope for further pump. Yet once again theses orders are more likely to end up as exit liquidity for the big players who are on the sell side. To sell they needed people willing to buy. Ans now appear to be a good timing to offload 📉

There seem to be enough people turning buyers to sell. On socials everybody is buying and making money. SM has probably a lot to offload into this. This position opportunity is probably going to be to last major one before months... Now I am expecting a lower low. We are probably going lower that 35k on the long term. Let's see. Market psychology seem to be fuel for the sells.

Do I have this time enough buyers to sell to? Last time I sold without enough liquidity. But now for sure I can tell many are turning buyers and the buying momentum is fading.

In an overall downtrending market, intraday charts are showing a developing distribution zone. The sellers probably have enough buyers to sell to. I don't expect the 40k prices to be revisited. That's why a stop loss is set right there.Distribution unfolded by sellers footprint aiming for a lower low