If you've followed me for a while, you know my bias is framed on:
- HTF closes (Monthly & Weekly) - LTF confluences - Sentiment The weekly videos I’ve been making have more or less played out. From a technical perspective, the bearish signs are obvious: - $BTC Loss of Weekly EMA200 - Failure to make a higher high - Geopolitical tensions (primarily US/Iran war) Now the counterargument: - We're at HTF support - Altcoins are down an additional 50%+ in a few months - $BTC has been down only for 6 straight weeks - Selling has been relentless But if I force myself to step back and ask: If I had no bias right now… Would I short here, or would I long here? The answer is simple. I would long. I don't like shorting into HTF support after aggressive downside expansion. That doesn't mean we bottomed. It means a relief move higher makes more sense than shorting. I'd rather long altcoins - not $BTC and not $ETH. I can absolutely be wrong. That's trading. Nobody is right 100% of the time.
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If you've followed me for a while, you know my bias is framed on:
- HTF closes (Monthly & Weekly)
- LTF confluences
- Sentiment
The weekly videos I’ve been making have more or less played out.
From a technical perspective, the bearish signs are obvious:
- $BTC Loss of Weekly EMA200
- Failure to make a higher high
- Geopolitical tensions (primarily US/Iran war)
Now the counterargument:
- We're at HTF support
- Altcoins are down an additional 50%+ in a few months
- $BTC has been down only for 6 straight weeks
- Selling has been relentless
But if I force myself to step back and ask:
If I had no bias right now…
Would I short here, or would I long here?
The answer is simple.
I would long.
I don't like shorting into HTF support after aggressive downside expansion.
That doesn't mean we bottomed.
It means a relief move higher makes more sense than shorting.
I'd rather long altcoins - not $BTC and not $ETH.
I can absolutely be wrong.
That's trading.
Nobody is right 100% of the time.