Buyers are taking it real slow and let crowd sell into in it. Why not? It worked last time.
- we have had quite a fall and doomsday scenarios are around again
- we are at strong support area ( 5800-6500), buy wall is growing
- we just had a long waves 1 and 3, 5th is 5th (perhaps it's not extended this time)
- crowd is selling short - breakdown from the triangles and some ancient trend lines is too obvious
- shorts are climbing but price is not moving
- something is not right (hunch)
=> I covered my btc shorts (left only out-of-money put options open for doomsday scenario a.k.a. fall to bottomless pit;)
=> went little long with -10% stop ( and some limits buy orders at 5900 to catch a falling knife, since it's a good chance it makes one last V shape with wave 5)
- we have had quite a fall and doomsday scenarios are around again
- we are at strong support area ( 5800-6500), buy wall is growing
- we just had a long waves 1 and 3, 5th is 5th (perhaps it's not extended this time)
- crowd is selling short - breakdown from the triangles and some ancient trend lines is too obvious
- shorts are climbing but price is not moving
- something is not right (hunch)
=> I covered my btc shorts (left only out-of-money put options open for doomsday scenario a.k.a. fall to bottomless pit;)
=> went little long with -10% stop ( and some limits buy orders at 5900 to catch a falling knife, since it's a good chance it makes one last V shape with wave 5)