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FloresETH
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History is repeating itself
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A lot of people hated when I said I am taking Profits at 60K. I don't pretend to read the future but if I don't see Enough Spot Buying on the Chart, I won't long. I didn't expect the Dump to be this deep and this fast though. Having said that, I am not panicking and turning into a bear. A lot of this is bear and I will be deploying my Ammunition to buy the Bottom on Spot only from 48-53K.
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good morning chop
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Bitcoin Price Update 1. Low Volume Dump from Monthly Open so bias was a move back above. nPOC there adds confluence. 2. H4 200EMA was retested as resistance after I talked about us losing it in the last update. 3. Bias is that we either front-run the $60,000 mark or shoot above towards the Quarterly Open. Reason - Consensus resistance levels hardly play out as perfect retests. 4. August Monthly Open is a bear/bull line near $64,500 for HTF trades.
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I was expecting the Dump to Happen from 62K to 60K Region but I didn't expect it to Breakdown so fast and so hard to 58-59K. You can't win every time. When you lose, try to not lose everything. That's all.
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Releasing Part 2 of the Volume trading series. Recognising volume flow has helped us Catch Accumulation before Pumps and choose Alts when they are ready to fly. Please Read Part 1 and be Ready. Okay?
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