I took a long awaited long at our long awaited level
Alright, as promised and a s long awaited for, the low planted in the 65k area has been taken out finally.
I said that I both expected the level, and I also see it as a juicy long opportunity.
The reasons are simple. It's the low we wanted to see, the midrange, the golden zone of the entire high to low of this range, and my own POI as well as macro bias.
You know me, I live up to my promises, and when it comes to levels, there's no exception Took a long here on this beautiful Saturday morning.
Yes, it is early, we're longing a massive trend down.
And yes, the bears are screaming loud how they all "called" that very trend. But guess what, they don't have any trade, PnL or record to show for, because most don't even trade their calls, or take action.
I don't know what that tells you about conviction and trust in their own analysis, but in my experience, it's useful.
So in my world, we make calls, but we make them for one reason and one reason only. To do something about it, to take action, because only action makes money.
Some disclaimers, yes, it is a late long off the long and I was hesitant to trigger at first, because I would want to see one sweep lower, and CME also closed so CME close is below our entry. So going in half size for starts to add some flexibility.
I top off that decision with the risk, of making new lows during the weekend, which means in this case, they have to get taken out and will take us an exit. But for now, they have been defending and I believe that remains based on our overall plan.
So my conviction is high, and I believe we see higher prices from here. So that's an opportunity to make money, one I will grab because we have been waiting for it for a long time.
Lots of bear posting, engagement farming, lots of macro "I called it" posts. No one really interested in longing. So sentiment wise, also a great time to long.
Enjoy and good luck pressing the button alongside myself.$BTC #BTC #bitcoin