Why I will Long BTC to 42k - 46k but still bearish in Mind
Updated
After conducting a thorough analysis and careful observation, we have made the decision to change our trading direction. Our decision is rooted in a detailed review of recent market charts.
Upon close examination, it became evident that there has been only one significant rejection, signaling that the bulls have not yet exhausted their strength. In accordance with our established trading strategy, we adhere to the principle of changing our position direction after two unsuccessful attempts in a trending market. This means that, despite the initial fall, the bulls require a second rejection before we consider a shift. This would imply their intent to challenge the 25,200 resistance level once more.
We emphasize the importance of not allowing our emotions or preconceived notions to cloud our judgment. It is imperative that we stay aligned with the current trend until a clear second strong rejection materializes.
We would also like to extend our appreciation to @Aje_lamdy for his insightful analysis. After conducting our own analysis last night, we now better understand his perspective regarding the potential upward movement of the bulls within the 42,000 to 47,000 range.
In conclusion, our decision to change direction is informed by a meticulous examination of market data and a commitment to following our established trading strategy, while also acknowledging the valuable insights of fellow analysts like @Aje_lamdy.
Upon close examination, it became evident that there has been only one significant rejection, signaling that the bulls have not yet exhausted their strength. In accordance with our established trading strategy, we adhere to the principle of changing our position direction after two unsuccessful attempts in a trending market. This means that, despite the initial fall, the bulls require a second rejection before we consider a shift. This would imply their intent to challenge the 25,200 resistance level once more.
We emphasize the importance of not allowing our emotions or preconceived notions to cloud our judgment. It is imperative that we stay aligned with the current trend until a clear second strong rejection materializes.
We would also like to extend our appreciation to @Aje_lamdy for his insightful analysis. After conducting our own analysis last night, we now better understand his perspective regarding the potential upward movement of the bulls within the 42,000 to 47,000 range.
In conclusion, our decision to change direction is informed by a meticulous examination of market data and a commitment to following our established trading strategy, while also acknowledging the valuable insights of fellow analysts like @Aje_lamdy.
Note
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