$btc My next trade, is another short. Can we get six wins in a row? Alright, here we are, with last long called and ridden from 63.4k towards the weekly open, we are back at a clean 5 win streak, all for the world to see, all in live time. That was a long, a "cheeky" long so to speak, against my bearish daily bias. But the confluences and setup was clean. Time moves on however, we are now Sunday already, and as you know, my main bias is still bearish on the daily timeframes. In alignment, we posted and elaborated not 1, not 2, not 3, not 4, but 5 confluences so far as to why we shorted above 66k, shorted above 65.5k as a first compound, and why we are starting to short again now as a second compound on top of the initial 66.3k short. So this short, is indeed just a plain and logical compound into that trend, catching the last remnants of it IMO, as I indeed still believe we see new lows, also stated before. Confluences named again below: ➡️FOMC reversal still to complete ➡️A vwap rejection ➡️mmd $btc-$eth ➡️The magic 66k level as a major pivot ➡️Sentiment There are more confluences, also locally speaking. But I'll leave that up to you. As the astute observer and follower will know, will know very well why another short on top of the downtrend. So after the last longs, which, were a clear countertrend long, as well as the scalp longs here in the weekend, I'm no longer interested in longs, and only look to short again, to catch more price action on the downwind side of the trend. It's been a pleasure so far, but let's not underestimate this trend, let's not underestimate the impact and meaning of new lows below 62.2k and the liquidity there, and for the ones who understand references and follow me closely, let's not underestimate the loudness of the dog's bark. Woof, woof.
AstronomerShare

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