I'm considering longing $BTC and taking full profits from the short trade.

As seen in the first image, the Liquidation Heatmap shows far more liquidity above than below and so will be my side for BTC.

Now, unless a major dump event happens either due to a massive selloff or a key actor selling a lot of BTC, a dump below the last bottom of $58,500 is supported only by a few pieces of evidence (I can only think of Elliott and Fibonacci), and thus is unreliable.

As the price falls, be more bullish! As for me, I'll start longing Bitcoin in my trading account while keeping my Liquidation below $54,000 for a safer trade.

Since BTC seems to be heading up, altcoins and ETH should also follow a similar path. Among the altcoins, one that I will also be longing is $NEAR , for the following pieces of evidence.

1. As seen in the second image, it is just completing a Flat Elliott Correction, just finishing the Wave C of this correction, which is expected to take place (=bottom) at around $4.1

2. The region above $4 is supported by an accumulation of Order Blocks, which are the green rectangles in the second image.

3. NEAR's Liquidation Heatmap shows much more liquidity to be captured at higher prices than the liquidity existing at lower prices, thus it's a good time to long.

In case you would like to copy my trade on NEAR, set buy orders at $4.8, $4.7, and finally, $4.3. The only world I see where NEAR falls below 4.3 is a world where BTC heads to $52,000 and that's quite unexpected right now.

So these are my thoughts for the next week. I'll be bullish, and if the price drops more, I'll be even more bullish.

Make a good position sizing, don't let yourself be scared by the people saying the Bull Market is over, and happy trading!

~ Green 🍀