LP
5.5K posts
@LP_NXT
Trader | Reformed | Telegram: https://t.co/Tm58OptG2h
$BTC Only a matter of time before the high-leverage shorts to the upside get liquidated. Most are turning bearish at the lows, while July has historically produced upside during bear markets. I remain long, targeting 64K & 69K. ⏳
$BTC It'll be obvious in hindsight... 1, 2. 1, 2. 1, 2.
$BTC It's that time... Watch how price develops into Monday. If Monday forms a pivot high, it suggests Wednesday is likely to form a pivot low. Conversely, if Monday forms a pivot low, it suggests Wednesday is likely to form a pivot high. The Wednesday pivot typically drives price into Thursday. This intra-week correlation has now played out 9/10 times.
$BTC The next pump will be expected, yet most will still miss the move. Keep shorting and lowering your targets, bears... Higher first. Lower high in July. ⏳
$BTC This zone comes soon... 58–52K is where I'm looking to accumulate for the larger trend. Price could still go lower, but the upside is now far more favourable than the downside. Price is currently down 50% from ATH, while historical bear market drawdowns have been closer to 70%. It doesn't make much sense to be calling for dramatically lower levels. I'm not trying to catch the exact bottom. I'm here for the bigger move, and I believe that move will be to the upside over the next 2–3 years.
$BTC Time to buy was late June. Enjoy the ride. Late July, lower high. ⏳
$BTC It's that time... Watch how price develops into Monday. If Monday forms a pivot high, it suggests Wednesday is likely to form a pivot low. Conversely, if Monday forms a pivot low, it suggests Wednesday is likely to form a pivot high. The Wednesday pivot typically drives price into Thursday. This intra-week correlation has now played out 9/10 times.
$BTC Lower liquidity swept. ✔️ 68–69K. ⏳ Over the next few weeks, the upside liquidity will likely become the target. This is no longer the time to be short.
$BTC Keep lowering your targets. I'm a buyer here and on a sweep of 60K. I've said it before, and I'll say it again 60K before the end of July...
$BTC Most will be too busy calling for lower and miss the entire relief rally. The time is here... Late June / Early July. I'm a buyer here and I'm swing long. Keep calling for lower. Greedy when most are fearful. 🎲
$BTC Order book pressure shows strong bids stacked just below price in the mid-50Ks, with very little sell pressure overhead. Historically, this type of buy pressure tends to appear near local bottoms. If this area holds, a move into 68–69K becomes increasingly likely, where sellers have previously stepped in. This is a crucial level to watch.
$BTC It’s that time... My 4–6th pivot is approaching, an area that has consistently aligned with major trend shifts. Over the next two weeks, pay attention to the sentiment building into the pivot, that will be key. If bullish sentiment persists into it, it would likely mark a local high. Conversely, if sentiment turns bearish into the pivot, it could signal a local low. Personally, I'm leaning toward this pivot forming a low.
$BTC Two weeks have passed. June low is being put in. ✔️ If price continues to mirror previous bear market pivots, the next move is a rally into late July to form a lower high. At 80K, most said I was wrong for calling lower. Now that I'm calling for higher, everyone seems to be lowering their targets...
$BTC I'm long. Lower high in July. Let the games begin. 🎲
