good morning my peoples o/
first off, i'd just like to say,
if you caught that long - you da man.
secondly, i moved 100% to cash about 2 hours ago.
thirdly, my upside target was hit from last nights post:
check it out if you haven't:
(if you watched my video update yesterday, you knew about this short squeeze, and you knew exactly how high it was going to go).
-----
let's talk about the data.
as of me writing this, there was a massive long position opened near the absolute top of this move,
you know how it goes.
fomoers fomo,
then get liquidated -> creating a downward spiral.
-open interest is sky rocketing into this push up (bearish).
-got these 8H dots showing up, signaling significant bearish divergence behind the scenes;
here was the last few times this signal has appeared.
you can be the judge of this picture:
-daily hidden bearish divergence, which is quite prevalent as of now.
it can get over exaggerated, as price pushes into the extremes.
invalidation of the hidden bear sits at 32k - that is also the level of my bearish invalidation.
-we are approaching the daily ichimoku cloud, which has posed as significant resistance in the past.
-most of the shorts have been liquidated, but there are a few stragglers remaining.
-risk is to the downside for mm, but they could prolong this bull trap awhile longer to get as much liquidity as possible on the way down.
-----
overall, my bias has shifted as of this moment - i do wholeheartedly believe we will see new lows.
the move down will be far more aggressive than the last one, and it's going to come unexpectedly - like a category 5 hurricane.
july 28~30th is the only window you need to know about
that is when the market theoretically will pivot, and can take everything from everyone who does not know.
-----
ps. this move can easily get over-extended to around 25~26k - that would be the absolute extreme.
-----
shared on 7-11 (same upside target for now)
first off, i'd just like to say,
if you caught that long - you da man.
secondly, i moved 100% to cash about 2 hours ago.
thirdly, my upside target was hit from last nights post:
check it out if you haven't:
(if you watched my video update yesterday, you knew about this short squeeze, and you knew exactly how high it was going to go).
-----
let's talk about the data.
as of me writing this, there was a massive long position opened near the absolute top of this move,
you know how it goes.
fomoers fomo,
then get liquidated -> creating a downward spiral.
-open interest is sky rocketing into this push up (bearish).
-got these 8H dots showing up, signaling significant bearish divergence behind the scenes;
here was the last few times this signal has appeared.
you can be the judge of this picture:
-daily hidden bearish divergence, which is quite prevalent as of now.
it can get over exaggerated, as price pushes into the extremes.
invalidation of the hidden bear sits at 32k - that is also the level of my bearish invalidation.
-we are approaching the daily ichimoku cloud, which has posed as significant resistance in the past.
-most of the shorts have been liquidated, but there are a few stragglers remaining.
-risk is to the downside for mm, but they could prolong this bull trap awhile longer to get as much liquidity as possible on the way down.
-----
overall, my bias has shifted as of this moment - i do wholeheartedly believe we will see new lows.
the move down will be far more aggressive than the last one, and it's going to come unexpectedly - like a category 5 hurricane.
july 28~30th is the only window you need to know about
that is when the market theoretically will pivot, and can take everything from everyone who does not know.
-----
ps. this move can easily get over-extended to around 25~26k - that would be the absolute extreme.
-----
shared on 7-11 (same upside target for now)
Note
may get a deep pull back in the days ahead before the finishing move, but it doesn't necessarily need to happen.if it was to take place, would look a little something like:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.