Just want to clarify something to my followers. Whenever we trade bullish and #btc is at ath, people tend to call it "easy times". And while it's partly true that in bull markets trading is easier because it's "just long the dip" season, I wouldn't call it easy...
Back in the days, then you had to long/buy anything and wake up to a 2-3x... Those days are sadly over.
For most people especially newer ones in the space it is easier to trade in bull markets rather than in choppy or bearish markets, but don't believe it will be easy.
If you do, you'll start feeling left out. "Meh it's easy times everything is going up and I'm not making money wtf am I doing wrong". This can lead to overtrading, fomo, bad risk management and many more bad things.
It's a marathon, not a sprint. It's not easy, for nobody. You're not alone.
Wouldn't be surprised if we're just trapping shorts here into shorting every sfp but ultimately keep making new local highs that lead to acceleration into fresh ATHs...
#btc Not the best 4h close we just got... Wouldn't say we're going straight down, but I think there's a good chance we need more ranging before ultimately breaking out higher...
$HYPE This is imo the last bit of consolidation before the road to ATH's. Not sure how much longer it takes but once we break above $28-$29 area I think we move fast.
#btc The thing is, getting this close to ATHs brings hype + gives a clean and close invalidation to bears often resulting in ugly sweeps and hard rejections like we saw.
Probably the safest to wait for a reclaim of the levels we swept (last weeks Mon high), or a clean sweep of some lows lower down.
Also letting todays candle form before making any new decisions.