Long, till capitulation begins
We still havent seen the real capitulation, and its hard to reach now most participants are out.
This idea could actually work out.
We recently tapped a weekly supply, lots of long watching 28k/29k to get out and open short positions.
Another short squeeze and fomo could give us fuel to 40k region. By then, the late longers and ppl on the sidelines are feeling the fomo and enter the market sending us to 42k/43k, the real capitulation will be if we drop from there to to lower 10k region, when most participants are back in the game.
*sorry for the sloppy path, not used to draw them out. ;)
Stay safe!
This idea could actually work out.
We recently tapped a weekly supply, lots of long watching 28k/29k to get out and open short positions.
Another short squeeze and fomo could give us fuel to 40k region. By then, the late longers and ppl on the sidelines are feeling the fomo and enter the market sending us to 42k/43k, the real capitulation will be if we drop from there to to lower 10k region, when most participants are back in the game.
*sorry for the sloppy path, not used to draw them out. ;)
Stay safe!
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