Polaris_xbt 1
@polaris_xbt on Twitter
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$VVV
Started building a short here.
Log parabolic uptrend is broken and any potential sweep of the highs is for shorts.
Started building a short here.
Log parabolic uptrend is broken and any potential sweep of the highs is for shorts.
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$BTC
Some of you know I track the Commitment of Traders report regularly.
COT shows the positioning of different types of traders - institutions, hedge funds, and retail. Retail is considered the "dumb money" and they're usually the last ones in.
The report just dropped yesterday and retail positioning had its biggest spike since the 2021 bull market top. This lines up with what my sentiment chart was already showing last week.
So what's the plan?
We already have three solid swing positions open. Over the next week I'll look to add a few more shorts if we get some pumps - if not, I won't chase. I'll keep the existing positions open for a while and let them play out.
Some of you know I track the Commitment of Traders report regularly.
COT shows the positioning of different types of traders - institutions, hedge funds, and retail. Retail is considered the "dumb money" and they're usually the last ones in.
The report just dropped yesterday and retail positioning had its biggest spike since the 2021 bull market top. This lines up with what my sentiment chart was already showing last week.
So what's the plan?
We already have three solid swing positions open. Over the next week I'll look to add a few more shorts if we get some pumps - if not, I won't chase. I'll keep the existing positions open for a while and let them play out.
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