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Picolas Cage

Following0Followers (X)17.04KPosts429Likes7.46K
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Very hard to imagine that wasn't the low on $BTC there. (4hr) Trick everyone into thinking the announcement of the democrat mid terms was max bearish, get everyone short, then trap them. IMO, we've had THE WORST news you could possibly imagine over the last 5 weeks, with 4 confirmed red weekly candles and a current weekly red candle. As I've stated before, I think bears were extremely lucky to get this low, they had absolutely everything in their favour and to top it all off the Democrats won the mid terms, right at support. Right at the support of the entire initial pulse move from 60k. You could not have asked for a better set of conditions for bears and the best they did was $88k to $75.6k Above $78.8k the weekly candle will be green. There's still 3 real days of trading activity to get there and it's a 0.90% move from here. I remain bullish.

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This is exactly the same price action as when Bitcoin was at $60k We had terrible news at $60k but the price just refused to go down. 80% of CT was still bearish and offside. This feels eerily similar.

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I've been longing these areas but tbh this is more hope than judgement. The only reasoning I can give is the hack wasn't actually that bad + nothingeverhappens.exe + eventually all will be higher + worse news in the history of mankind and market didn't really care that much. Only longing BTC + ETH I'm less certain on this trade than most others. Think there's potential for US open to cause a big dump. We'll see.

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Market is absolutely screaming at you here but you never bought at 60k so your bias is to cheer the death of the industry so you can get an entry at 30k The world ended and we're at the mid-range of the previous impulse rally in September.

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I've been taking profit throughout this recent run, but the recent slip has taken me off guard and many positions are now either higher leverage than I'd like or underwater. Frustrating. I guess the market makers want the mid terms out the way first. Gm ☕️