Hello degens!
What an absolute rip Thursday morning! We had a perfect Bat / Cypher print on the 4hr that I had to call out:
And so it’s time to really start thinking about a short scenario and to watch a continuation of that larger Bat to the upside! I shared a few possibilities:
A Cypher (15) and a weak White Swan (stretched the bd on it) that might help provide some confluence for the bold. I’ve been waiting for the $42,700 zone to really provide strong signal that we might have a much larger upside possibility for the near-term future! That could be good for folks even spot-buying / selling right now for profits.
Stack those sats people! Even buying a few satoshis at cheaper prices and then dumping them — in profit — for more and then repeating this cycle is good financial management, as you know.
Didn’t get that fade though. It would have been absolute legend:
Wow. An absolute nightmare that gave everything back to those that we’re on the flip-side of that trade! Perhaps we’d get a recovery into the weekend?
Of course, after every dip is an opportunity for a bounce — would we see one after such a long and drawn out bleed? Cypher, Black Swan, and Shark on the 1hr with a possible bearish Shark PRZ around $42,500-ish?
Let’s do it! I’m sure everyone would love to see all that value lost put back where it once was just a day ago!
And so it goes. You don’t always get the fade but you can always trade tomorrow.
To infinity & bitcoin,
— 8ɃIT
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