source avatarArdi

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The purpose of a flush is not simply to move price lower. It is to make lower prices feel inevitable. $BTC came very close to invalidating my long at $62.5K. But at the exact moment the flush looked most dangerous, I said it wasn’t the time to panic. The crowd did the opposite and started shorting the breakdown as though it had already happened. Instead, BTC followed the expected path, formed another higher low and climbed straight back toward range continuation. Which means that if BTC reclaims the top of the range, the same shorts opened against my trade likely become the fuel needed to carry it through the range and toward my targets. Still, it’s too early to celebrate. Patience. 🤝

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