🚨✨️💫 BTC Bottom is nowhere in sight, or is it?

No surprise Bitcoin is pulling back now after 8 consecutive daily green candles. Topping out at 76k.

Since then, Bitcoin has pulled back 9% in only 3 days, filling most CME and FVG gaps along the way.

The good news is, we're approaching support. And we're seeing an overextension. Slight capitulation is possible.

Bad news is, late longs (leveraged trades) continue to pile in adding fuel to the garbage fire that is liquidation.

True Retail Long Delta is at 100%! This is outrageous. Thanks a lot CT/YT!

💫 So where does it end ⁉️

Well, 7D liquidation bottom (~67k) is where my money is at because of how consistent Bitcoin has been. We're seeing 3-4 days of overextension, temporary retracement (setting a trap), then another 3-4 more days of exhaustion in the same direction.

This will continue to happen until leveraged traders stop using leverage. Ya right.

My strategy, is to add to my short from 74.7k. I plan to average in somewhere between 70-71k. If we even see that.

Between now and then, I highly recommend respecting the current trend (which is down) until we see a significant shift in momentum / volume increase.

Do not force, Do not FOMO

Real traders are patient, unemotional

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$BTC ‌$ETH ‌$ADA ‌