source avatarAstronomer

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$btc shorts When my next target TP will arrive, and more hints on when I finally go long (not yet) So with the move below 75k, as part of the 5 step masterplan, we are now knee-deep in step 2 which is the process of closing all our shorts one by one. For the ones who follow a long every trade I take: here is a reminder of my ledger of exposure: we still hold: ➡️2 hourly timeframe shorts from the 85/86k region (15% and 20% left) - not on the chart here, just scroll down on my timeline. ➡️1 daily timeframe short position from 86k (15% left). - not on the chart here, just scroll down on my timeline. ➡️1 short as part of the final trap recently entered (30% left) Displayed on the chart here. As part of the 5 step plan execution strategy, I disclosed how when closing shorts, we look to close the ones that have the most vulnerable (i.e. lowest entry), first. Hence, the focus on the TP the position from 80.1k more first which is what I am ready to TP on the next target which still sits below the current lows. As stated, we still have ways to go down, and shorts should indeed be TP'd on the way down in lockstep. Closing vulnerable shorts before any others in fact first, and then comes the process of long exposure next, as the market slowly reverses. Why not long already now? Because when you have shorts open, you want to use all reasons to "buy" to be directed towards buying back shorts first because that's where money is made. And at the same time, the later the long whilst prices are still good, the less painful the road back up will be, simply because reversals take time. Market makers and whales take time to load up, and yes, they already are loading up. But they like to go under for a while, before price goes up and they make money. As their positions build over time, confluences build over time and not instantly with these large pivotal reversals. Hence, this is a process, a process we must respect. Riding shorts first, longing next.

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