Trade-Journal

WILL BITCOIN BREAK ALL TIME HIGHS? MY NEXT TRADES! 27/02/24

Long
BYBIT:BTCUSDT.P   BTCUSDT Perpetual Contract
🚀 The Bitcoin surge to its all-time high continues unabated! 📈 However, looming above us like formidable titans are the 12-hour and weekly supply zones, the only resistance standing in our way. Yet, let's not forget Bitcoin's tendency to rally in its characteristic inefficient manner. This very inefficiency, while exhilarating on the upswing, may spell potential trouble on the downside, possibly unleashing the worst drop witnessed in over 800 days—the kind reminiscent of the last bull cycle meltdown. 😱

As we navigate this exhilarating yet precarious terrain, we must remain mindful of the fair value gaps and sell-side liquidity lurking below us. This landscape, filled with the remnants of Bitcoin's inefficient rise, could trigger a cascade effect—a domino effect leading to swift and significant downturns. 🌊💥

Regardless of our long-term view, we're strategically seizing profits by scalping the local timeframes. It's all about staying nimble, adaptable, and prepared to capitalize on every twist and turn in the Bitcoin saga. 🔄💰

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