Astronomer@astronomer_zero
$BTC
Why we won't go below 50k
I will keep saying it, $BTC is not going below 50k.
If you want to keep making money, you instead trade the range, take more longs than shorts (we took 4 longs, 2 shorts so far), and you attain a bullish bias.
I gave you the production cost as a reason for a bottom, gave you the buy model, gave you the purple zone and the high timeframe silver pocket, as well as more confluences, to call the bottom on the very day it happened (Feb 6th), and now we simply use that bias to ride out longs up.
Will I short 73k? It's still my plan, but not in a perma bear "I expect 50k" way. I need serious confirmation, because it's possible a lot of people try to short this, and then that is fuel for higher. So I will just look for a short through a critical lens.
So natural focus is to stay bullish and use the short which acts as a hedge, to not be arrogant, and to not think the market always does exactly what I predict.
It does that around 90% of the time, yes, that is one of the highest on all of X (in my personal life, I know two more accurate predictors), but regardless, it's not 100%.
Either way, the bottom call is working out so far, we are seeing that move where I expect many to fade it.
Let's see if that is actually such a good idea, "blindly shorting" this move up.
