$BTC htf longs
And there is the move back up. ✅
Surprised ?
Our community, not in the slightest. We said: consolidation is coming for a bit and called out the recent low to be formed once again using that plan, explaining you exactly why we would move back up locally as we hit range low again hitting just under 90k, right back to 92k.
Indeed, every time that happened, we anticipated this pattern because at range lows each time:
➡️Shorts turning excess
➡️Along with macro bear bottom calls;
➡️Bears making their posts of how this is a bearish retest, or continuing to defend their positions with words.
When you have to defend your positions that often, your bias is likely wrong, a tell-tale.
Meanwhile, we established that we are just consolidating, before a move higher as we continue to hold our high timeframe longs.
Can't stress enough to just continue holding, not get over fearful at local range lows (or over excited at local range highs).
The time to get excited was at our local TP at 94.7k, the exact local top. Now, back to neutral management as we consolidate.
That is the plan of our high timeframe long, to mostly hold and ride the upside.
So far so excellent.
The longer we range by the way and revisit local range highs here at 92k again, the higher the chance for continuation higher.
And remember our bullish bias as backbone: no weekly closes below the low, instead building structure and slowly moving higher.
Exactly what we are seeing.
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