Orbit: Crypto Community Feed

$BTC shorts Yup, there it is. The false monday move. And now, I think the move is nearly complete and we should see it reverse soon. I took another short. Can we get three wins in a row? Alright, nice false Monday move we see here, gaining a lot of ground and distancing the 76k target again far enough, and into a very nice confluence area, enough to take a short again. And with all the confluences of which I'll mention some again shortly, I believe once again that this Monday false move it is coming to an end rather soon. We hit into the same vwap band spot again, 76k magnet is still present, bearish bias of red September is still around and FOMC reversal, both stating the continuation of the downtrend. Also the typical width (3-5%) of fake Monday moves up has been reached. And we also reached just above the 0.5 fib of the overall pivot high (82k) and pivot low of last fortnight (76.2k). Finaly, when you look around on the timeline, over a third of the posts revolve around the clarity act pushing sentiment into bullish excess compared to Yesterday. Also seeing nice absorption and a discrepancy in limit order aggression with more aggression towards the downside. Those are some of the key pieces as to why we both expected a fake Monday move up, and for it to go back down. So after all the planning and confirmation, it's time for action. My actions Analysis is nice, and confidence is good. And the "plan going to plan (so far)" is fantastic. But we still have the other half of the plan ahead of us. And no analysis ever made a cent of money without actually taking a trade. Hence why we have to press the button, open a fresh short, on top of all the short exposure we are already holding. That's a third short we take in this downtrend, let's see if we indeed can get three wins in a row, all publicly called. Plan the trade, but most importantly, trade the plan. I thank you, and I wish you good luck.