#Bitcoin โ Whatโs Next?
The Big Sunday Report: All We Need to Know
๐ฉ TA / LCA / Psychological Breakdown: A few days ago, I gave a long at the 71k region and mentioned targets of the 79โ84k region, and I am now changing something in the plan! I previously said that between 79โ84k I would take profit of the long and ADD more SHORTS, this strategy has now changed and is very important to understand!
My long from the 71k region remains open, but my take profit has changed. Instead of taking profits between 79โ84k, I will take HALF OF THE POSITION SIZE as profit at the 76,200 region, and this is also very important to understand! I am NOT adding short orders at 76,200, but still between 79โ84k in case the market allows a move there. The other half of the long will also be closed between 79โ84k if the market reaches that region. Once 76,200 is hit, I will take profit on half of the position size of the long and move the stop loss to entry to avoid any loss and secure 50% of the profit. I hope this makes sense now. You might wonder where this shift comes from, and I need to admit a small mistake in my calculation: the probability of hitting 76k is very high, but the probability of reaching 79โ84k is currently medium. Because of this, I am adjusting my take profit areas. Overall, the short from 115โ125k remains open, and additional short orders are placed between 79โ84k in case the market reaches that zone, I am not interested to add short orders at 76k region, just if we move higher and we see higher FOMO, I would be interested to add between 79-84k, not earlier.
I am expecting a large downside move in the coming weeks, it should not take much longer, as the move is very close. I am expecting the S&P 500 to crash within the next two months, with a downside move of more than 35%. In comparison, the S&P 500 dropped 34% during the COVID black swan event. I am expecting a much larger downside move this time, with a heavy domino effect.
I am expecting a large trap for bulls as well, something market makers will use to send us lower into the 50s area and even further afterward. We have not bottomed out. The only question now is: how high will we rise before continuing downward? Will it be 76k before rejection, or will we reach the 79โ84k region first? This question needs more time to be answered with clarity. While I see the probability of 76k as extremely high, I currently see 79โ84k as medium probability, and therefore I am adjusting my trade accordingly. Profit is the only option and I am using every move to make a profit, no matter what my bias are!
As always, I am very transparent with you regarding my trades and decisions, and I want to personally thank you all for the support you are giving. Congratulations to everyone who took the short with me at the exact top, I will keep it open and realize it at much lower levels than where we are now.
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Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

