Ok big, we observe and wait for confirmations before any action
Post
Eternel insatisfait
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$BTC
74.4k taken out ✅️ Small add to long term spot for me here, but nothing else for now.
Alright, after the reaction in between both levels (75.5 and 74.4), here is indeed the failure of the last line of defence. 74.4k is taken out which cleans up the playing field well.
Still planning out a long until we see a range, but for now, this is one of those places where I perform a small add on long term spot bags for investment purposes as an fyi and NFA comment.
Waiting is good but we did and there come points where long term prices turn into quality/value.
Even if 74.7k seems expensive, relative thinking is key.
That's all I did for now, just portional control.
No high timeframe longs yet, while I see the ISM as a good metric, the "ISM" narrative still remains a bit too strong sentiment wise.
So no, nothing all too exciting, and the invalidation of my bullish bias still needs to resolve somewhat more in time, this likely won't just reverse on a dime.
We're getting close however for a local long position as a pure reaction off 74.4k even if it didn't hit the purple POI.
I am keeping you posted on that.
For now I congratulate you for your patience since this level took some days to be hit but it's eventually out.
Even if it was close, a quick look at the heatmaps show the forced liquidations (of SL's), formed with the local sentiment of hope.
Once they fade, that's good enough for a bounce here.
74.4k taken out ✅️ Small add to long term spot for me here, but nothing else for now.
Alright, after the reaction in between both levels (75.5 and 74.4), here is indeed the failure of the last line of defence. 74.4k is taken out which cleans up the playing field well.
Still planning out a long until we see a range, but for now, this is one of those places where I perform a small add on long term spot bags for investment purposes as an fyi and NFA comment.
Waiting is good but we did and there come points where long term prices turn into quality/value.
Even if 74.7k seems expensive, relative thinking is key.
That's all I did for now, just portional control.
No high timeframe longs yet, while I see the ISM as a good metric, the "ISM" narrative still remains a bit too strong sentiment wise.
So no, nothing all too exciting, and the invalidation of my bullish bias still needs to resolve somewhat more in time, this likely won't just reverse on a dime.
We're getting close however for a local long position as a pure reaction off 74.4k even if it didn't hit the purple POI.
I am keeping you posted on that.
For now I congratulate you for your patience since this level took some days to be hit but it's eventually out.
Even if it was close, a quick look at the heatmaps show the forced liquidations (of SL's), formed with the local sentiment of hope.
Once they fade, that's good enough for a bounce here.
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