source avatarAstronomer

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$btc It's now not so bullish anymore, we're not there yet, but I am slowly closing shorts and in the time to come, I look to flip long. Alright quick evaluation of the sentiment: "has the sentiment done its job?" I think the answer is clear. So quickly evaluating the sentiment here whilst also disclosing what I look for next to call a low. For starts and to save you time, I just want to be clear how we are still not there yet imo, but aside from the dozens of reasons I have given of why 75k is coming, technically, now that we're below the 0.5 fib, the market is primed to turn bearish from a majority vs minority sentiment perspective. I am still looking for the signs of clear and admitted bearishness. We still haven't had the bulls admit they were wrong the last weeks and months, and we are not seeing mindless shorts opening fully yet. But I think we're getting quite close and we have to be careful to time that turnaround. As you know, I'm very eager to flip, I am not a permabear even if it seemed so the last weeks/months, I just wanted 75k and join the bull side soon, but that will take a few steps. So to summarize and to keep it concise, what we already had from 86k all the way down to 76k was: ➡️Broad bullishness on the timeline, comments and in the positions ✅ ➡️Doubt we will get 75k, all the way until the last moment ✅ ➡️Abstinence from shorts entering, lots of aggressive longs the entire time because "the bull market is back" ✅ What I am waiting/looking for next is: ➡️Bulls admitting they were wrong and comment section of bull-fluencers acting sour ⌛️(I think we are quite close) ➡️Some cynicism, and growing confidence towards lower and accounts that only share positions rarely, stopping to say "I am long here". I want to see things like "the bull market is over, I actually think we go really low now" ➡️Some overconfidence of "I am short towards lower, I sold my spot, that's it", etc. From accounts who generally never really share trades. Pair that with aggressive shorting and long term liquidity unraveling. Those are the next stage-wise rough outlines what I expect to call the next low. We're not there yet, but we're getting close. So from the sentiment perspective, from the angle of "has it done its job to confirm our short trades?" The answer is clearly yes, the sentiment has done its job again. We construct the next steps of the plan while the "It's over" is loading next. Patience, do not expect a precise bottom at the line I drew, that's not the point. Instead confirm with time and sentiment, look for the tells I just shared, just like how we have been doing, before flipping long.

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