Taking a step back from this last week’s events, things are undeniably broken from a HTF market structure POV. Whilst 60k remains a reasonable support level, I learnt to avoid going balls to the wall long with no inval in the last cycle. In bull markets things always become more crazy than you expect and in bear markets things always get worse than you expect. I don’t know where the bottom of this bear market is, or if we’ve already bottomed at 60k, but survival is always the utmost priority. Take every setup independently with stop losses in case things go more south than they already are.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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