$btc Sentiment map updated: it's clearly bullish now. Going to update this every now and then. Sentiment is a great tool to confirm the opposite because the market rarely does what most people think. How is it useful? If you're new, I openly called for extreme bearish sentiment sub 60k and used it to go long with stops at 50k just to show 50k is not coming. All while everyone doubted me because "50k was coming" "your 7.12% bounce won't work" "yes I'm dcaing at 60k but put your SL at 30k" and crazy statements like that. Now they all called the bottom "with precision" and "the bull market is back" So sentinent then bearish, now it's clearly bullish. Moreover, the 75k pivot is called to never break otherwise that would be "bad for the bull market". Coming from the fact that 75k -> 87k was a "strong looking move" and if it breaks, it would put the bull market structure in danger. I can write books about structure but briefly said, that's just oversimplified. Anyone who studies Gann knows that the healthiest moves come off a sub 0.5 fib retrace. Below that level, a human mind becomes bearish. That's simply due to the psychology of proximity where the lows become closer than the highs. Magically, 75k and the fib line up. And to be clear, just the 0.5 fib is not a prediction 75k will come, but with multi B's in liquidity, weakness confirming at exactly 87k, most bullish clearly now and on top nót expecting 75k ("structurally bad"), then running it would be the healthiest and is expected and very worth shorting to. It's far away and hitting it would pay a lot. Just Mr Gann's opinion, and many others that followed. Probably wrong and I will get stopped out of my 85k+ shorts. Classic.
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