Jaroslav
@jarsxv
262 Following
102 Followers
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das
Why did I close my position?
1. The buyback from $55,800 was strong (we strengthened our position at this level yesterday). On the daily timeframe, a long shadow was left. I waited until the close of the day, where a quick buyback followed with an overcoming of $58,000 (the third attempt). I expected that when going beyond the level of $58,300-$58, 600.
2. The long shadow on the daily candle is often partially or completely covered by the price with full-bodied candles, which is what I expect.
3. Growth to $63,000-$67,000 is possible in my opinion, this is the main goal, but through a rollback, so after the close of the day I decided to close the position. The only thing that prevented me from doing this was the loss of a comfortable entry point.
I took a small volume at a level above $58,000. Local short with a target of $55,800. I decided not to give a short setup to the channel, since I can close at any time.
‼️Important!!! Now the priority is medium-term long, from short only by dashes. 0 reply
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The mood on the market has changed, and now fear prevails. Although recently, at similar prices, greed and euphoria reigned against the backdrop of growth. I expect confirmation of activity from buyers below $55,000. Last month closed with a large shadow, which is a positive signal. However, such shadows are often followed by a long consolidation with full-bodied candles closing on higher timeframes, near the minimum.
On the daily chart, we see an excellent reaction from the level. In the event of a decline below $55,000 with a subsequent buyback, I will consider this as confirmation.
Otherwise, no changes, I partially expect an outflow of liquidity from BTC to altcoins within the 4th quarter, in the first three months of 2025. I expect altcoins to grow. 0 reply
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