Post
--Bearish
Vink柒
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BearishAs of yesterday, BTC has fully filled the gap at 80k, and now there's just a small gap around 70k left.
I didn't expect it would take 3 months to fill the 80k gap. Back in March, when it didn’t fill, I thought it would be tough to close that gap in a short time, and that we’d at least have to wait until after hitting the bottom to see an upward trend before it got filled.
The probability of filling a gap within a month is the highest, and anything beyond that usually requires a longer wait to close.
The consensus in this bear market is too strong; everyone is going short. Plus, we haven't seen any black swan events typical of the late bear market, which usually leads to significant price breakdowns. Maybe this time going short is a mistake?
Currently, my short position is still in the red; it hasn’t hit my stop-loss yet, but I estimate I’ll likely get stopped out this time.
$BTC
{future}(BTCUSDT)
I didn't expect it would take 3 months to fill the 80k gap. Back in March, when it didn’t fill, I thought it would be tough to close that gap in a short time, and that we’d at least have to wait until after hitting the bottom to see an upward trend before it got filled.
The probability of filling a gap within a month is the highest, and anything beyond that usually requires a longer wait to close.
The consensus in this bear market is too strong; everyone is going short. Plus, we haven't seen any black swan events typical of the late bear market, which usually leads to significant price breakdowns. Maybe this time going short is a mistake?
Currently, my short position is still in the red; it hasn’t hit my stop-loss yet, but I estimate I’ll likely get stopped out this time.
$BTC
{future}(BTCUSDT)