Some people only deal with abstractions. They criticize me for saying to short and then say not to short. I can only say that they really don't know how to look at the right-side structure classification, only know to listen to the guru calling out levels. Recently back in Paris for a break, I haven't really traded, just holding a small short position in BTC waiting to add to it. The reason is:
- Long? I closed my long previously and have been waiting for the daily second touch structure, never getting in halfway.
- Short? I've been saying to wait for at least a 30-minute top divergence before shorting, then see if it expands to a higher level, but it has remained dull, and the divergence has failed. If neither long nor short is suitable, then it's time to rest. Isn't $ONDO rising pretty well?
Let's send a red envelope!